President Biden’s plan for re-entering the Paris climate agreement includes low-carbon renewable fuels as a strategy for helping to achieve a 50-52% economy-wide reduction in net greenhouse gas pollution by 2030. The following is a statement from Renewable Fuels President and CEO Geoff Cooper:
“We are pleased to see the inclusion of renewable fuels in President Biden’s plan for reducing U.S. greenhouse gas emissions, and we agree that efforts to deploy larger volumes of ‘very low carbon’ renewable fuels should be a key component of our nation’s commitment to reduce emissions from the transportation sector under the Paris Agreement. However, renewable fuels can do far more than decarbonize aviation and other off-road markets. Just since 2008, nearly 1 billion metric tons of GHG emissions have been prevented from entering the atmosphere due to the increased use of renewable fuels to meet Renewable Fuel Standard obligations. In addition, recent research by scientists affiliated with Harvard, Tufts, and MIT shows that today’s average corn ethanol is reducing GHG emissions by almost 50% compared to gasoline. And with the adoption of carbon capture and sequestration, carbon-efficient feedstock production practices, and other new technologies, corn ethanol can be a ‘net-zero,’ carbon-neutral fuel by the end of the decade.
“As recognized by President Biden, achieving a 50% GHG reduction economy-wide by 2030 will take a portfolio approach that capitalizes on a broad and diverse array of low-carbon technologies, and that should include ethanol and other biofuels. We look forward to receiving more details and information regarding the role renewable fuels are expected to play in the Biden administration’s nationally determined contribution that will be submitted to the United Nations Framework Convention on Climate Change.”