December 2, 2015
BY Global Renewable Fuels Alliance
Bliss Baker, the president of the Global Renewable Fuels Alliance, has called upon world leaders participating in the United Nations Climate Change Conference (COP21) in Paris to signal their support for biofuels as one of the tools to fight climate change.
“This conference is a real opportunity for world leaders to recognize the role that renewable fuels have played, and will continue to play, in the transition to a low-carbon global economy,” Baker said. “The climate problem is accelerating and biofuels represent one of the most cost-effective solutions to reduce oil use and greenhouse gas emissions from transport in the short and medium term,” he added.
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The National Oceanic and Atmospheric Administration has said that October 2015 was the hottest October on record by a third of a degree making it the most above-normal month since records began being kept in 1880. This was the eighth month this year when a heat record was set, representing a record number of broken records in any year.
So far, 36 countries have already recognized the opportunity presented by biofuels in reducing GHG emissions and combating climate change, and have included them in their Intended Nationally Determined Contributions plans. Studies have shown that most biofuels, like ethanol, are proven to reduce harmful GHGs from 40 percent to 90 percent compared to fossil fuels around the world.
“Given the significant contribution biofuel is making in reducing global GHG emissions today, we believe COP 21 participants should call for an increase in biofuel use through the introduction of supportive policies, particularly for advanced biofuels,” concluded Baker.
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The IRS on July 21 published a notice announcing the 2025 calendar-year inflation adjustment factor for the Section 45Z clen fuel production credit. The resulting adjustment boosts maximum the value of the credit by approximately 6%.
The U.S. Senate on July 23 voted 48 to 47 to confirm the appointment of Aaron Szabo to serve as assistant administrator of the U.S. EPA’s Office of Air and Radiation. Biofuel groups are congratulating him on his appointment.
U.S. Secretary of Agriculture Brooke L. Rollins today announced the reorganization of the USDA, refocusing its core operations to better align with its founding mission of supporting American farming, ranching, and forestry.
The U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy is soliciting public comments on a preliminary plan for determining provisional emissions rates (PER) for the purposes of the 45Z clean fuel production credit.
A new study published by the ABFA finds that the U.S. EPA’s proposal to cut the RIN by 50% for fuels made from foreign feedstocks, as part of its 2026 and 2027 RVOs, could stall the growth of the biomass-based diesel (BBD) industry.