There are changes in Departmental responsibilities, whereby references to the Minister for the Environment, Heritage and Local Government, as a consultee on matters relating to the biofuels obligation scheme, are amended to the Minister for Transport, Tourism and Sport. The Minister for Finance is also added as a consultee, as appropriate.<\/p>\n
The amount of biofuel certificates from the two previous obligation periods which may be used in the current period is reduced from the previous cap of 25% to 15% of the total obligation.<\/p>\n
Reference to the Minister for the Environment, Heritage and Local Government in section 44J of the Principal Act, as a consultee relating to the biofuels obligation scheme, is amended to the Minister for Transport, Tourism and Sport. The Minister for Finance is also added as a consultee within this section.<\/p>\n
The 2021 Act amends section 44N of the Principal Act by setting the rate of the biofuel levy at \u20ac0.001 per litre of biofuels placed on the market. Setting the rate of the biofuel levy to a nominal amount removes an anomaly which currently exists, whereby the levy placed on biofuels is the same as that on petroleum products placed on the market.<\/p>\n
The Act no longer refers to the Minister setting the rate of the biofuel levy, but instead refers to the rate of the biofuel levy specified in section which fixes the rate of the biofuel levy at \u20ac0.001 per litre.<\/p>\n\n
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Introduction The purpose of the\u00a0 The National Oil Reserves Agency (Amendment) and Provision of Central Treasury Services Act 2020is to amend the National Oil Reserves Agency Act 2007 (as amended) to provide for the establishment of the Climate Action Fund on a statutory basis, extend the purposes for which the levy on relevant disposals of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[56],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/28401"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=28401"}],"version-history":[{"count":7,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/28401\/revisions"}],"predecessor-version":[{"id":29304,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/28401\/revisions\/29304"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=28401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=28401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=28401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}