February 21, 2020

Biofuels-Indirect Land Use; Executive Branch Farm Policy Perspectives; Budget; Climate Change; and H1N1

Biofuels- Indirect Land Use

Picking up on Friday’s update regarding the news that the Office of Management and Budget had concluded the review of the Environmental Protection Agency’s proposed rule regarding the RFS-2 regulation and indirect land use, Friday’s Commodity News for Tomorrow report (CME Group, Dow Jones) explained that, “The White House has cleared the way for the U.S. Environmental Protection Agency to propose a federal standard for measuring greenhouse-gas emissions from biofuels.

The Office of Management and Budget disclosed on Wednesday that it concluded its review, almost three months after the EPA first submitted the proposal. The ethanol industry has been awaiting the standard, which is mandated by a 2007 law that requires more biofuels be blended into the gasoline supply. The standard will affect future production, since new ethanol plants must produce increasingly cleaner fuels.”