Federal incentives for low-carbon programs could fall behind, according to American Soybean Association
As the push for cleaner energy continues, the American Soybean Association warns that low-carbon fuel programs at the state level could soon overpower federal incentives.
Chief Economist Scott Gerlt points to California’s clean fuel standards. Washington state soon followed, committing to reduce the carbon intensity of transportation fuel over the next several years.
Gerlt says if more states do not adopt their own policies, the industry could soon be years away in terms of growth because the federal government will take time to catch up. He adds that planned growth in crush capacity for renewable diesel is already far out-pacing the renewable fuel obligations set by EPA.