Fate of the Union: 3-Point Plan for biofuels
by Bob Dinneen (Renewable Fuels Association/Biofuels Digest) …While some would choose to ignore reality, the nation can produce more ethanol sustainably using grains like corn, wheat and barley. …The nation can also produce significant volumes of renewable fuel from non-grain feedstocks. Feedstocks like corn cobs, grasses, wood waste, algae, and even garbage can all serve as viable and productive sources of renewable ethanol.
…In his address, President Obama is likely to emphasize key themes of job creation, international competitiveness and fiscal discipline. A robust and thoughtful domestic ethanol policy can help address concerns across all those areas.
Here are three suggestions how:
1. Tax Policy …This would include policies like an investment tax credit to bring promising technologies out of the lab and into the market. …
2. Loan Guarantees …Encouraging the Department of Agriculture to continue its efforts as well as reforms of the loan guarantee program at the Department of Energy so they are more accessible to biofuel producers must be part of any renewable fuel agenda. …
3. Ethanol Infrastructure …Additionally, any discussion of reforms to current ethanol tax policy must also work to provide the incentives small businesses need to install ethanol infrastructure, such as blender pumps, and for automakers to deliver more flex fuel vehicles to the market.
…Fossil fuels like petroleum and coal, along with nuclear power, have benefited from the largesse of the federal government for generations. The oil industry alone makes itself available of up to $280 billion in taxpayer funds every year. To truly change the energy path of this nation, we must be honest about all of our energy choices and the policies that promote them. READ MORE