New Zealand passes Biofuels Bill; 0.5 percent mandate for ‘08 rises to 2.5 percent in 2012

In New Zealand, the national parliament passed the Biofuels Bill, which mandates a 0.5 biofuel component in 2008, increasing to 2.5 percent by 2012. Nbr.co.nz is reporting estimates on savings and costs of the bills ranging from a 1.3 per liter cost to a 4 cents per liter savings.”

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