Trade and markets
 

Detail

Area
United States of America
Commodity Group
Biofuels
Commodity
Biodiesel
Date
01/07/2017
Policy Category
Renewable energy
Policy Instrument
Biofuel policy
Description
Released a US court rule establishing that the methodology used by the country\'s Environmental Protection Agency to justify past reductions in biofuel consumption mandates was incorrect.
Notes
Directly related to the above, in July 2017, a US court ruled that the methodology used by EPA to justify past reductions in biofuel consumption mandates (relative to the statutory targets set by Congress) was incorrect. The ruling was made in response to a petition filed in 2016 by an alliance of biofuel advocacy groups. According to the court ruling, rather than taking into account renewable fuel supplies available to refiners and importers, EPA primarily considered biofuel demand expressed by consumers – a consideration not allowed under the relevant law. The ruling could force EPA to revise upward the consumption targets set for 2016. Reportedly, the court decision resulted in US renewable fuel credits climbing to multi-month highs, while share prices of mineral oil refiners dropped.