The Role of the Renewable Fuels Standard and Renewable Identification Numbers in Driving Biofuels Production and Technology Development
Webinar Details
When:
Jan 24, 2014 2:00 pm US/Eastern
Length: 01:15 (hh:mm)
Advance Registration NOT required.
View now on-demand.
Presenter(s):
- Mike McAdams, Advanced Biofuels Association
- Rory Gopaul, Carbon Solutions Group
- Brent Bailey, 25x'25 Alliance
Virtual Event Format:
Group Viewing Available:
The Renewable Fuel Standard (RFS) is the most effective policy tool to date to simultaneously reduce our dependence on foreign oil, expand production of renewable fuels and give future generations a nation that is stronger, cleaner and more secure. First established in 2005 and expanded in 2007, Congress created the RFS to reduce the risk of investing in renewable biofuels, to increase rural incomes and rural employment opportunities, and to respond to greenhouse gas concerns. In addition, renewable biofuels have helped to moderate price at the fuel pump.
Compliance with the RFS is based on a system of Renewable Identification Number (RIN) credits. RINs are a valuable, tradable commodity, but primarily represent a means of tracking volumes of individual renewable fuels mandated by the RFS and blended with petroleum products. The details of RIN creation, categories and markets can get complicated quickly.
"Supported by Agriculture and Food Research Initiative Competitive Grant no. 2011-68005-30410 from the USDA National Institute of Food and Agriculture."
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