QUOTE OF THE WEEK
Renewable Fuels Association’s Bob Dinneen explained the implications of RFA’s latest review of vehicle warranties: “The oil company explanation for their failure to invest in infrastructure allowing E15 has been there isn’t sufficient demand for E15 because it isn’t warrantied. Well, that narrative has been misleading for years, but now it is completely bankrupt. As this analysis shows, 34% of the cars on the road today have full warranty coverage for E15. That compares to only about 10% of vehicles that require a premium fuel. Oil companies have invested in the infrastructure for premium, but why not for E15? The answer is obvious, they want to preserve their monopoly at the pump. But consumers deserve better. Consumers deserve higher octane fuels at lower prices.” READ MORE
GRFA: IEA World Outlook Confirms Need for Biofuels
by Erin Voegele (Ethanol Producer Magazine) Bliss Baker, the president of the Global Renewable Fuels Alliance, recently responded to the IEA’s latest World Energy Outlook by highlighting the clear need for the increased blending of biofuels in global transport fuels illustrated by the WEO’s projections. The WEO’s projections are based on models using existing and officially announced national energy policies around the world, and reaffirms past projections that found global energy demand would rise by 30 percent to 2040.
The 2017 WEO was released while final negotiations are underway at COP23 where world leaders are attempting to establish a framework for climate action to achieve the objectives included in the 2016 Paris Agreement. Those negotiations have been challenged by faster-than-anticipated global temperature rise and continued growth in global energy demand.
“The WEO’s projections of current and announced national energy policies illustrates clearly that far more aggressive, and immediate, action must be taken to mitigate GHG emissions to achieve the targets laid out in the Paris Agreement,” Baker said. “With the transportation sector being a major driver of global energy demand growth, world leaders must embrace biofuels as a key policy solution to reduce GHG emissions,” Baker added. READ MORE