ABSTRACT

2020 Renewable Fuel Standard (RFS): COVID-19 Impacts [Updated May 18, 2020]   [open pdf - 649KB]

From the Document: "Ongoing COVID-19 [coronavirus disease 2019] mitigation measures may impact the Renewable Fuel Standard (RFS)--a mandate requiring U.S. transportation fuel to contain renewable fuel. Since the beginning of the pandemic, transportation fuel demand has dropped significantly, compared to January through early March 2020 and to projections made when the 2020 volume requirements were finalized. Significant changes in fuel demand and other effects of the pandemic could affect both the implementation of the RFS and the impacts of compliance with the 2020 standard, particularly given the present-day uncertainties with refinery and biorefinery economics, fuel prices, RFS compliance costs, and economic recovery, among other things. Some Members of Congress, governors, and stakeholders in the petroleum and renewable fuel industries, among others, have called on the U.S. Environmental Protection Agency (EPA) to take additional action on the 2020 RFS requirements due in part to COVID-19. Congress may consider whether to intervene or whether EPA should intervene, and if so, whether it has the statutory authority to do so."

Report Number:
CRS Insight, IN11353
Author:
Publisher:
Date:
2020-05-18
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations