Thursday, December 6, 2007

EPA Sets a New Renewable Fuels Standard Mandate for 2008

EPA Environmental Protection Agency Food vs Fuel Ethanol EnergyThe EPA set a new Renewable Fuels Standard (RFS) of 4.66 percent to meet the 2005 Energy Policy Act's mandate that at least 5.4 billion gallons of renewable fuels be blended into transportation gasoline in 2008.

Based on the standard, each party determines the minimum volume of renewable fuel that it must ensure is used in its motor vehicle fuel. The standard for 2007 was 4.02 percent, equating to roughly 4.7 billion gallons. The overall volume target increases every year, reaching 7.5 billion gallons in 2012.

The RFS program, which formally began last September, creates new markets for farm products, increases energy security, and promotes the development of advanced technologies that would greatly expand renewable and alternative fuels.

It also serves as one of the many pieces to help inform the greenhouse gas regulation that EPA and federal partners are developing under an Executive Order issued by President Bush in May.

More information on the EPA's Renewable Fuels program can be found online HERE.

Source: EPA

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