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Governors' Biofuels Coalition
NEWS UPDATE December 20, 2022

Commodities 2023: Ethanol plants in US to face hard choices

By Wesley Swift, S&P Global  •    •  Posted December 20, 2022

Facing dropping winter temperatures and falling demand for ethanol for blending, many ethanol plant operators face a tough choice. Do they keep churning out the biofuel, losing money, or shut down the plant and risk losing more? “You can run and lose $12 million a month, or you can shut down and lose $15 million a month,” said a broker familiar with the logistics of running a plant. [ read more … ]

E15

Kum & Go Offers $1.99 E15 for Christmas

By Cindy Zimmerman, AgWired  •    •  Posted December 20, 2022

Iowa-based convenience store chain Kum & Go is offering all customers E15 grade fuel for $1.99 per gallon from December 23-26. Approximately 91% of holiday travel is by personal vehicle according to the United States Department of Transportation. Kum & Go is proud to offer customers this promotion on a more sustainable fuel offering that is also better for the environment. [ read more … ]

EPA

E.P.A. Tightens Rules on Pollution From Vans, Buses and Trucks

By Lisa Friedman, New York Times  •    •  Posted December 20, 2022

The Biden administration on Tuesday strengthened limits on smog-forming pollution from buses, delivery vans, tractor-trailers and other trucks, the first time in more than 20 years that tailpipe standards have been tightened for heavy-duty vehicles. The new rule from the Environmental Protection Agency is designed to cut nitrogen oxide from the vehicles by 48 percent by 2045. Nitrogen dioxide is a poisonous gas that has been linked to cardiovascular problems and respiratory ailments like asthma. The rule will require manufacturers to cut the pollutant from their vehicles starting with the model year 2027. [ read more … ]

States

Oregon bans sales of new gas-powered passenger cars by 2035

By Associated Press  •    •  Posted December 20, 2022

Policymakers for the Oregon Department of Environmental Quality on Monday approved a rule that prohibits the sale of new gasoline-powered passenger vehicles in Oregon by 2035. The effort comes as Oregon plans to cut climate-warming emissions by 50% by 2035 and by 90% by 2050, The Oregonian/OregonLive reported. The transportation sector accounts for nearly 40% of greenhouse gas emissions in Oregon. The rule is based on vehicle emission standards California adopted in August. The standards require car manufacturers to sell a certain percentage of zero-emission vehicles — electric cars, plug-in hybrid electric vehicles and hydrogen fuel cell vehicles — as part of their total sales, starting with 35% in 2026 and increasing to 100% by 2035. [ read more … ]

California approves roadmap for carbon neutrality by 2045

By Sophie Austin, Associated Press  •    •  Posted December 20, 2022

California air regulators voted unanimously Thursday to approve an ambitious plan to drastically cut reliance on fossil fuels by changing practices in the energy, transportation and agriculture sectors, but critics say it doesn’t go far enough to combat climate change. The plan sets out to achieve so-called carbon neutrality by 2045, meaning the state will remove as many carbon emissions from the atmosphere as it emits. It aims to do so in part by reducing fossil fuel demand by 86% within that time frame. [ read more … ]

Congress

Climate-focused agriculture bill hitches ride on omnibus

By Marc Heller, E&E News  •    •  Posted December 20, 2022

A bill to help farmers measure and verify greenhouse gas reductions was included in an omnibus spending package released early Tuesday morning. House Republican aides said the agreement on the “Growing Climate Solutions Act” takes into account the demands of the incoming chair of the House Agriculture Committee, Rep. Glenn Thompson of Pennsylvania, who’d sought what he called a more farmer-friendly approach to the measure’s proposed network of third-party conservation vendors. The climate bill, which would encourage the vendors to partner with farmers and the Department of Agriculture, was introduced in the House and Senate by Rep. Abigail Spanberger (D-Va.), Sen. Mike Braun (R-Ind.) and others in April 2021. [ read more … ]

Heading Into 2023, the Inflation Reduction Act Is Bringing ‘a Lot of Confidence’ to the Renewables Industry

By Julia Martinez, Morning Consult  •    •  Posted December 20, 2022

The passage of the Inflation Reduction Act marked the largest federal climate investment to date, with more than $370 billion set aside to spark domestic manufacturing of clean energy and to lower greenhouse gas emissions through a variety of tax incentives.  The legislation has already invited an influx of clean energy commitments, and 2023 is set to see more investment as companies familiarize themselves with the available credits and as they await tax code guidelines from the White House, which are expected early next year.  [ read more … ]

Lawmakers release $1.7T omnibus spending bill

By Jeremy Dillon, Emma Dumain, Nico Portuondo, Manuel Quiñones, E&E News  •    •  Posted December 20, 2022

The bill would provide $10 billion for EPA, a $576 million increase from current levels. The agency’s science and environmental program work would get a $374 million increase, restoration efforts for water bodies like the Great Lakes would get a $94.5 million increase, and environmental justice would get an $8 million increase to $108 million. The agency’s enforcement work would get $613 million, a nearly $72 million increase from current levels. Environmentalists have accused the Biden EPA of being less stringent than the previous administration [ read more … ]

Pollution

U.S. Energy Emissions Set to Rise for Second Straight Year

By Benjamin Storrow, E&E News  •    •  Posted December 20, 2022

U.S. carbon dioxide emissions are set to rise for the second consecutive year, underscoring the challenges facing President Joe Biden as his administration works to curb the country’s output of greenhouse gases. American emissions from energy this year are projected to increase 1.5 percent over 2021 levels, according to recent projections from the U.S. Energy Information Administration. That followed a 7 percent increase in 2021 over 2020 levels. [ read more … ]

EVs

U.S. Delays Key Step for EV Subsidy Program After Foreign Pushback

By Yuka Hayashi and Andrew Duehren, Wall Street Journal  •    •  Posted December 20, 2022

The Biden administration on Monday delayed proposing detailed rules for new tax incentives for electric vehicles, following strong pushback from European and Asian allies that the subsidy program discriminated against their companies.  The department said, however, it will release “information on the anticipated direction” of the battery requirements before year-end to help manufacturers prepare to identify vehicles eligible for the tax credit. It didn’t specify what information would be made available then. 
[ read more … ]

Electric Vehicle Charging Investment Approaches the $100 Billion Mark

By Ryan Fisher, Bloomberg  •    •  Posted December 20, 2022

Cumulative investment globally probably will pass the $100 billion mark in 2023 if China keeps up its relentless pace. It’s a milestone that hints at the transition to a new phase of the EV charging sector lifecycle. As Jigar Shah at the US Loans Program puts it, $100 billion of deployed capital indicates an ability to address systemic industry challenges and opens up access to low-cost capital that’s required to ultimately reach $1 trillion scale. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.