Regulatives for biorefineries
¹ University of Economics, Faculty of Business Administration, Department of Strategy, W. Churchill Sq., CZ130 67 Prague 3, Czech Republic
² University of Economics and Management, Department of Marketing, Nárožní 2600/9A, Prague 5, Czech Republic
³ Czech University of Life Sciences Prague, Faculty of Economics and Management, Department of Economics, Kamýcka 129, CZ165 21 Prague 6, Czech Republic
*Correspondence: vladimir.honig@vse.cz
Abstract:
The relationship between uncertainty and risk–taking behaviour towards innovations and Common Market protection are investigated in this article. Therefore, the aim of this article is to assess points of control over market regulation protecting innovative products. It was found that risk of creative destruction due to implementation of innovations is increased by regulators due to antimonopoly metric they use. EU fiscal policy implementation in renewable fuels in Czech Republic of both EU and CZ calculations is compared. Historical data has shown that regulators have collapsed market of high condensed biofuels. Pattern of fine calculation has explained a market collapse. Comparison of excise duty of favoured biofuels was compared with subsidies for photovoltaics. Substitution of former fossil fuels taking into account excise duty and subsidies of alternative or renewable energies is less market distorting than recent tariffs of excise duty and fines to first generation biofuels.
Key words:
biodiesel, biofuel, diesel, excise duty, tax policy