News I iCET published a briefing report entitled “U.S. Renewable Fuel Standard Overview and its Implementation

iCET recently publishes one briefing report entitled “U.S. Renewable Fuel Standard Overview and its Implementation”. This policy brief introduces the U.S. Renewable Fuel Standard (RFS), a policy for promoting the use of biofuels in order to reduce oil import dependency and greenhouse gas emissions. The RFS requires fuel refiner, blenders and importer in the US to provide a certain amount of qualifying renewable fuels every year (a Renewable Volume Obligation – RVO). Obligated parties prove they have achieved their RVO through a renewable fuel certification system, which generates Renewable Identification Numbers (RINs) for every unit of qualifying renewable fuel produced or imported into the market. RINs are key for tracking renewable fuel consumption, which in turn are key to implementing the RFS in the US. This document highlights the goals of the RFS and describes importance of RINs, and the method for generating and tracking RINs by both government and fuel industry participants. Click the link to read the report: /adminis/uploadfile/usrfso.pdf