The Environmental Protection Agency finalized a package of actions Friday setting biofuel volumes for the Renewable Fuel Standard (RFS) program for years 2020, 2021, and 2022, and introducing regulatory changes intended to enhance the program’s objectives.
According to the Renewable Fuels Association, the final regulatory actions taken by EPA “bring certainty back to the Renewable Fuel Standard and pave the way for future growth in the production and use of low-carbon renewable fuels”, and will lead to lower gas prices and greater energy security.
“At long last, the RFS is being put back on track. Today’s actions by EPA and the Biden administration restore integrity and stability to the RFS program after several years of wanton mismanagement and abuse by the previous administration,” said RFA President and CEO Geoff Cooper. “The combination of a strong RVO for 2022, restoration of illegally waived volume from 2016, and a new direction for the SRE program puts the RFS program on solid footing for the future. We thank Administrator Regan and President Biden for honoring their commitments to implement the RFS in a way that is fair, transparent, and focused on growth.”
In this interview, Cooper comments on the EPA announcement and also USDA’s announcement Friday that COVID recovery payments for biofuels producers for losses incurred in 2020 are finally going out to producers.
RFA CEO Geoff Cooper interview (7:32)