Biofuels incentives : a summary of federal programs

Details

• Creators:
  Yacobucci, Brent D.
• Corporate Creators:
  Library of Congress. Congressional Research Service
• Subject/TRT Terms:
  • Biomass fuels
  • Incentives
  • Federal assistance programs
  • Biomass energy
  • Federal aid to transportation
• Publication/ Report Number:
  RL33572
• Resource Type:
  Research Paper
• Geographical Coverage:
  United States
• Edition:
  Updated
• Corporate Publisher:
  Library of Congress. Congressional Research Service
• Abstract:
  With recent high energy prices and the passage of major energy legislation in ; 2005 (P.L. 109-58), there is ongoing congressional interest in promoting alternatives ; to petroleum fuels. Biofuels — transportation fuels produced from plants and other ; organic materials — are of particular interest. ; Ethanol and biodiesel, the two most widely used biofuels, receive significant ; government support under this law in the form of mandated fuel use, tax incentives, ; loan and grant programs, and certain regulatory requirements. The 17 programs and ; provisions listed in this report have been established over the past 27 years, and are ; administered by five separate agencies and departments: Environmental Protection ; Agency, U.S. Department of Agriculture, Department of Energy, Internal Revenue ; Service, and Customs and Border Protection. These programs target a variety of ; beneficiaries, including farmers and rural small businesses, biofuel producers, ; petroleum suppliers, and fuel marketers. Arguably, the most significant federal ; programs for biofuels have been tax credits for the production or sale of ethanol and ; biodiesel. However, with the establishment of the renewable fuels standard (RFS) ; under P.L. 109-58, Congress has mandated biofuels use. In the long term, this ; mandate may prove even more significant than tax incentives in promoting the use ; of these fuels. ; This report outlines federal programs that provide direct or indirect incentives ; for biofuels. For each program described, the report provides details including ; administering agency, authorizing statute(s), annual funding, and expiration date. ; The Appendix provides summary information in a table format.
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• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/16499/dot_16499_DS1.pdf
• File Type:
  [PDF - 99.59 KB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:9d1e5183fce8014dea1dd82934462cea855a792525e2a5ea3a2c40fffdeec491ede946b229d9add5b54c88e69c2203a21c1626937e889fd39220562d0f434c9e