Biofuel Credit Sales Fund Advanced Energy and Habitat Restoration.
This bill establishes a new system allowing the EPA to sell conventional biofuel credits at a capped price to fuel producers, aiming to stabilize compliance costs in the energy sector. Revenues generated from these sales are mandated to be split equally among three key areas: supporting advanced biofuel investments, providing financial aid to farmers for diversifying crops, and funding a new Habitat and Wildlife Restoration Fund. This mechanism links fuel compliance costs directly to environmental conservation and agricultural sustainability efforts.
Key points
The EPA must sell conventional biofuel credits at a maximum price of $0.20 per credit (adjusted for inflation) to stabilize costs for fuel producers.
Revenues are divided equally to support advanced biofuel technology, provide financial assistance to farmers for alternative crops, and fund habitat restoration.
A new Habitat and Wildlife Restoration Fund is created to protect and restore habitats (like grasslands and wetlands) impacted by the expansion of corn and soy production.
Status:
Expired
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