Renewable Transport Fuel Obligation (RTFO) feasibility report
Table of contents
- 1. Executive summary
- 2. Introduction
- 3. Biofuels for Road Transport
- 3.1 Background
- 3.2 Current Policy & the UK Market for Biofuels
- 3.3 Government Climate Change Policy
- 3.4 Fuel Security & Diversity of Supply
- 3.5 Rural & Agricultural Economy
- 3.6 Environmental Objectives
- 3.7 Impacts on Other Industries
- 3.8 Future Prospects
- 3.9 Summary of key Benefits and Risks
- 4. Costs
- 4.1 Introduction
- 4.2 Costs to the Consumer
- 4.3 Resource costs per tonne of Carbon
- 4.4 Future Prospects
- 4.5 Administrative Costs of an RTFO
- 4.6 Carbon Assurance
- 5. RTFO Design
- 5.1 Broad Design
- 5.2 'Where' would the obligation be & Who would be obligated?
- 5.3 What fuels would be eligible for the RTFO?
- 5.4 'What' is the Obligation?
- 5.5 How do obligated companies demonstrate compliance?
- 5.6 What is the 'Obligation Period?'
- 5.7 What is the Buy-out Price?
- 5.8 How long would the Scheme last?
- 6. Administrative Feasibility
- 6.1 Proposed Structure
- 6.2 HMRC Information
- 6.3 Identifying an Administrator
- 6.4 Conclusions
- 7. Compatibility with EC & International Trade Law
- 8. Conclusions
- Technical Notes
- 1. Comparison with the Renewables Obligation
- 2. Legislation and Timing
- 3. Using the 'Duty Point'
- . Treatment of Buy-Out fees5
- 6. Counting Carbon
- 7. Environmental & Social Requirements
