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By implementing verdancy fuel impose in Malaysia, in view of its success in the European Nations, the Malaysian judicature is striving to change the perception of the public and too the petrochemical pains towards cat valiumer fuels. Malaysians generally fade in comparison in equipment casualty of environmental aw areness to Europeans. However, with help from the recent price encouragement in petroleum, implementation of green fuel tax in Malaysia result be able to change the mindsets and perceptions of Malaysians towards the usage of green fuels by changing the balance of the economic incentives. By doing that, we are actually taking the first step to achieve a more sustainable economy. If the implementation of green fuel tax succeeds in drawing the anticipated response from the public and the tie in industries alike, the country would be able to cut down on its dependence on the sale of gas and oil reserves. such(prenominal) non-renewable resources are unsustainable and easily depleted if we do not cast our consumption on par with storage levels. From an economic prognosticate of view, shifting our focus to include biodiesel production will also decrease the amount of hefty petrol subsidies borne by the government, and the nest egg can be further utilised for nation building.

besides that, this move will also increase the demand for deal oil, as such increasing the market price of the commodity. This translates into higher(prenominal) profitability to palm oil producers and the country as a whole. From an environmentalists viewpoint, the implementation of green fuel taxes will push the nation towards the direction of achieving a sustainable and greener economy, in line with preserving the environment and abating pollution levels. The introduction of biofuels will be able to cut down the amount of CO2 emissions from automobiles, as such lending its hand to help reduce green house gases and the effect of global warming. In addition, since bio fuels are derived from plants, it is a renewable resource and as such, we... If you want to get a full essay, order it on our website: Orderessay

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