Climate Politics
Biden Moves to Curb Cooking Oil Imports With Green Fuel Rule
- Biofuel groups say new tax credit guidance falls short
- President-elect Trump’s plan for biofuel policy is uncertain
Fuel made with UCO is highly valued in low-carbon fuel markets like California because of its relatively small carbon footprint.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
The US is moving to curb imports of used cooking oil, preventing foreign supplies used to make biofuels from qualifying for a lucrative tax credit.
In long-awaited guidance, the US Treasury signaled that fuels made with foreign-sourced supplies won’t be allowed under the so-called GREET model, a Department of Energy tool used to determine the full sweep of greenhouse gases emitted from the transportation and energy industries.