RA 9367 An Act to Direct the Use Of Biofuels, Establishing for this Purpose the Biofuel Program, Appropriating Funds Therefor, and for Other Purposes (Biofuels Act of 2006)
The law mandated the use of biofuels to develop and utilize indigenous renewable and sustainably-sourced clean energy sources to reduce dependence on imported oil, mitigate GHG emissions, ensure the availability of alternative and renewable clean energy without any detriment to the natural ecosystem, biodiversity and food reserves of the country, among others. To encourage the production, distribution, and use of locally-produced biofuels, the law provides for incentives such as 0% specific tax, exemption from VAT, exemption from wastewater charges on water effluents, and financial assistance.
Date: January 12, 2007
Issuing Agency: DOE
Date: May 17, 2007