By any measure, 2022 was a banner year for biofuel advocates in Washington, D.C. We secured new funding for blending infrastructure, critical tax incentives for clean energy, a summer waiver for E15 sales, and a stronger Renewable Fuel Standard (RFS). Our industry also delivered major savings at the pump during a global fuel shortage, cementing the role of low-carbon ethanol as a proven solution to our climate and energy challenges. Now we&rsquo;re looking beyond the horizon at the opportunities to fuel progress under a new Congress. This November&rsquo;s election offered mixed results for both parties, with Democrats out-performing traditional midterm patterns to hold the Senate and the GOP taking control in the House, where a simple majority is enough for committee leaders to set the course of debate. Fortunately, the importance of biofuels is a topic that transcends party lines. It&rsquo;s important to everyone&mdash;consumers, farmers, workers, taxpayers and policymakers. This year was no different, and we saw candidates from both parties emphasize ethanol&rsquo;s role in any strong economic and environmental agenda. In the coming months, we&rsquo;ll be working closely with these newly elected&mdash;and re-elected&mdash;leaders to build on the progress we made in 2022 and kick off a new era for low-carbon biofuels. That starts the Environmental Protection Agency&rsquo;s (EPA) ongoing rulemaking&mdash;called the Set&mdash;which marks a watershed moment for the RFS and will establish a new baseline for biofuel volumes in 2023 and beyond. As regular readers know, Growth Energy is laser-focused on making sure the Set reflects Congress&rsquo;s overarching directive to steadily expand the critical role biofuels play in mitigating climate change and lowering prices at the pump. Under a consent agreement reached with Growth Energy, EPA is bound by court order to finalize the new requirements no later than June 14, and keeping that process on track will be vital to delivering on the full potential of the RFS. At the same time, we have a limited window before the start of the next summer driving season. A temporary waiver of outdated EPA regulations allowed E15 sales to continue uninterrupted this past year, but the savings unleashed by E15 could vanish without a permanent fix. Thanks to support from key lawmakers and a number of Midwest governors, a solution is in sight, but we won&rsquo;t let up until our retail partners have the certainty they need to bring cleaner, more affordable options to drivers across the nation. According to a recent report released by Growth Energy, that nationwide transition could save consumers $20.6 billion in annual fuel costs. Of course, EPA regulations are far from the only battleground for biofuel advocates in 2023. President Biden&rsquo;s Inflation Reduction Act (IRA) included far-reaching investments in clean energy and biofuels, including tax credits for carbon capture and low-carbon fuels that now have to be implemented by the U.S. Department of the Treasury. The biofuels industry is already leading the charge on clean energy innovation, and a properly implemented IRA could turbo-charge that progress, unleashing lower-carbon energy on the ground and in the air. That&rsquo;s why our team is already hard at work submitting regulatory comments and making sure congressional leaders are prepared to review Internal Revenue Service (IRS) decisions. That task is especially important in a divided Congress, where the path available for any new legislation is slim. In this environment, we can expect House leaders to invest extra energy into oversight of the administration&rsquo;s spending under the IRA. That scrutiny will only intensify as presidential hopefuls start making the rounds ahead of the 2024 elections. Growth Energy and our allies will be there at every step to ensure that the climate contributions of America&rsquo;s biofuel industry get the support they deserve and remain a point of pride for rural communities and their representatives in Congress. Thankfully, we&rsquo;re headed into 2023 with a bipartisan wind at our backs. Biofuels are positioned for success, and we&rsquo;re grateful to our supporters in Congress&mdash;old and new&mdash;who share Growth Energy&rsquo;s vision for a thriving low-carbon economy. Author: Emily Skor CEO, Growth Energy 202.545.4000 eskor@growthenergy.org

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We're headed into 2023 with a bipartisan wind at our backs. Biofuels are positioned for success, and we're grateful to our supporters in Congress—old and new—who share Growth Energy's vision for a thriving low-carbon economy.


Growth Energy to Fuel Beyond in 2023

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