US EPA supports expansion of biodiesel, ethanol production
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EPA's national renewable fuel standard (RFS2) program is designed to significantly increase the volume of renewable fuels in both highway and nonroad gasoline and diesel vehicles. RFS2 will triple biofuels production from last year's 11 billion gallons to 36 billion gallons in 2022.
RFS2 will also reduce America's dependence on oil by more than 328 million barrels a year and reduce greenhouse gas emissions more than 138 million metric tons a year when fully phased in by 2022. The reductions would be equivalent to taking about 27 million vehicles off the road.
RFS2 should decrease oil imports by $41.5 billion and boost energy security benefits by $2.6 billion. By 2022, increased use of renewable fuels should cut gasoline costs by 2.4 cents per gallon and diesel costs by 12.1 cents per gallon.
RFS2 will create new markets for agricultural products, growing jobs in areas of the country hit hard by the economic downturn and increase farmers' incomes. EPA's RFS2 program will increase net farm income by $13 billion dollars in 2022.
EPA has partnered in the Biofuels Working Group with the USDA and the U.S. DOE to accelerate production of American biofuels and reduce our dependence on fossil fuels.
The Working Group's first report, "Growing America's Fuel-A New U.S. Government Strategy for Meeting or Beating the Country's Biofuel Targets," mixes short-term government support for the existing biofuels industry with the commercial establishment of advanced biofuels. Together, EPA's federal partners will build a viable long-term market by transforming how the U.S. government does business across departments and using strategic public-private partnerships. To read the full report: http://www.whitehouse.gov/sites/default/files/rss_viewer/growing_americas_fuels.PDF
President Obama's administration initiated these steps to boost biofuels. EPA Administrator Lisa Jackson and I are committed to advancing biofuel production. Both the White House and EPA realize the potential to rebuild and revitalize rural communities.
EPA is pleased to be a part of the president's efforts to combat climate change and put Americans back to work-both through the new renewable fuel standards and through our co-chairmanship of the Biofuels Working Group.
Advanced biofuels is a field that is emerging rapidly and EPA is committed to continuing its transparent, science-based approach to bring more renewable fuels to market while reducing greenhouse gas emissions.
We appreciate the hard work of our nation's farmers and ideas that support our goals for a clean environment and greater energy security.
More information on the RFS2 program is available at http://www.epa.gov/otaq/fuels/renewablefuels/index.htm
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