ABFA Commends The House For Passing IRA
Congress passing the IRA is a significant step toward achieving President Biden’s national climate ambitions. It is undoubtedly the single largest law Congress has ever enacted to combat climate change.
This comprehensive bill offers a suite of meaningful policy directives that will enable the advanced biofuels industry to better reach its fullest potential, including long-term tax policy, new financing and grant resources at DOE, USDA, and DOT, and increased federal resources for EPA to administer the Renewable Fuel Standard. We support all of these provisions. Together, they comprise the integrated strategy necessary to achieve meaningful carbon reductions in the United States.
Yet, ABFA will not be resting on our laurels. There is still much work to be done to ensure that low carbon industries reach their fullest emissions reductions potential. We look forward to engaging with the EPA about upcoming Renewable Volume Obligations rulings and related issues, such as feedstock supply and emerging technologies, to ensure a cleaner, more sustainable future for all.
– Michael McAdams, President of the Advanced Biofuels Association