Role of Renewable Fuels Standard & Renewable ID in Driving Biofuels Production & Tech Dev
Video Details: Originally presented on January 24, 2014. The Renewable Fuel Standard (RFS) is the most effective policy tool to date to simultaneously reduce our dependence on foreign oil, expand production of renewable fuels and give future generations a nation that is stronger, cleaner and more secure. First established in 2005 and expanded in 2007, Congress created the RFS to reduce the risk of investing in renewable biofuels, to increase rural incomes and rural employment opportunities, and to respond to greenhouse gas concerns. In addition, renewable biofuels have helped to moderate price at the fuel pump.