New legislation that would raise the U.S. debt ceiling includes language ethanol supporters would like removed. Economist Scott Richman from the Renewable Fuels Association tells Brownfield the bill as-written repeals several biofuel tax credits that are important for meeting climate goals. “What this is going to do is provide a way for biofuel producers to monetize that reduction in carbon to push toward net zero.”
Richman says the $1.25 Sustainable Aviation Fuels Tax Credit and the Clean Fuels Production Credit scheduled for 2025 are part of the Inflation Reduction Act.
