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Governors' Biofuels Coalition
NEWS UPDATE January 11, 2023

Top Story

There Are Fortunes to Be Made in the Carbon Capture Gold Rush

By Leslie Kaufman and Kevin Crowley, Bloomberg  •    •  Posted January 11, 2023

Past efforts to capture carbon dioxide so it doesn’t worsen climate change have been small-scale and littered with expensive failures. But supporters say the new tax incentives in the US Inflation Reduction Act (IRA) are transformative enough that, combined with the lessons of the past 20 years, the technology is finally ready to take off. [ read more … ]

RFS

EPA draws fire for plan to bring EVs into renewable fuel program

By Kelsey Tamborrino, Politico  •    •  Posted January 11, 2023

 EPA’s plan to overhaul the Renewable Fuel Standard drew a range of complaints at a public hearing on Tuesday, with some of the most pointed criticism aimed at its proposal to bring electric vehicles into the program. [ read more … ]

EPA told to hold off on EV proposal

BY: MARC HELLER, E&E News  •    •  Posted January 11, 2023

At issue is EPA’s proposal to allow EV manufacturers to generate renewable fuel credits for the electricity that’s generated from biogas — such as from manure digesters on farms — and used to power their vehicles. The system would for the first time make EVs part of a renewable fuel program that was created mainly to support liquid fuels derived from crops. [ read more … ]

New RFS battle lines emerge in fights over proposed ‘set’ rule’s ‘eRINs’

By Inside EPA  •    •  Posted January 11, 2023

EPA’s proposal to grant first-time compliance credits for electricity used in transportation under the renewable fuel standard (RFS) is drawing new battle lines in the contentious program, setting up novel divisions and unusual alliances over which entities should win the credits, and whether EPA should award them in the first place. [ read more … ]

Biofuels Groups Provide Comments on RFS Proposal

By Cindy Zimmerman, AgWired  •    •  Posted January 11, 2023

Clean Fuels Alliance America and its members expressed frustration with the proposed volumes for biomass-based diesel because they do not match the volumes that are already in the market and do not account for expected growth in capacity and feedstocks. “The proposed rule significantly undercounts existing biomass-based diesel production and fails to provide growth for investments the industry has already made in additional capacity, including for sustainable aviation fuel,” Clean Fuels CEO Donnell Rehagen stated in testimony to EPA. [ read more … ]

Markets

What’s the Legal Definition of Greenwashing?

By Tim Quinson, Bloomberg  •    •  Posted January 11, 2023

“The battle to stamp out greenwashing continues to be foiled by the lack of a clear and common definition across jurisdictions,” said Maia Godemer, a London-based sustainable finance analyst at BloombergNEF. “The market can only continue to flourish if regulators build a common framework around what is considered environmentally or socially sustainable.” [ read more … ]

Emissions

U.S. emissions went up in 2022

By Benjamin Storrow, E&E News  •    •  Posted January 11, 2023

U.S. greenhouse gas emissions grew by 1.3 percent in 2022, according to a report released Tuesday by the Rhodium Group. The rise was relatively modest compared to the 6.5 percent emissions spike in 2021, but it leaves the U.S. further adrift from its commitments under the Paris climate accord. U.S. emissions are now 15.5 percent below 2005 levels, the report said, leaving the nation on an uphill climb toward meeting its commitment to cut emissions 50 to 52 percent by the end of the decade. [ read more … ]

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