Biofuels Obligation Scheme
The National Oil Reserves Agency (NORA) has been nominated to administer the Biofuels Obligation Scheme which commenced on 1 July 2010. NORA has engaged Consultants (a consortium of Byrne Ó Cléirigh and LHM Casey McGrath – with BÓC as the lead consultant) to assist in administering the Scheme.
The following is a list of the relevant legislation:
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Legislation
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Source
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Comment
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Irish Government
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The BOS Act
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Irish Government
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Gives effect to certain provisions of the BOS Act
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S.I. 356 of 2010 - National Oil Reserves Agency Act 2007 (Returns and Biofuel Levy) Regulations 2010
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Irish Government
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Specifies the information to be included in the Levy Return submitted to the DCE&NR and the rate of the biofuel levy
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Irish Government
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Specifies the rate of the buy-out charge
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Irish Government
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Places the obligation on BOS account holders to comply with the provisions of Articles 17 and 18 of the Renewable Energy Directive
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European Commission
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The Directive sets out the mandatory sustainability criteria which biofuels are required to satisfy
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Irish Government
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Chapters 7 & 8 provide for amendments to the BOS Act
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Further information on the Biofuels Obligation Scheme is contained in this section of the website. There is also further information available on the DCE&NR's website.
