*Please Note – Bob Lane will be out of the office until August 8, 2023. Please contact Amanda Luhavalja at [email protected] in his absence.*
Between 2016 and 2022, nearly half of federal subsidies were for renewable energy producers (mostly biofuels, wind and solar), according to a recently released U.S. EIA report. Renewable subsidies rose from $7.4 billion in fiscal year 2016, to $15.6 billion in 2022, the EIA’s Federal Financial Interventions and Subsidies in Energy report showed.
Tax and direct expenditures, combined, accounted for about 97 percent of total renewable subsidies over that period. Due to decreasing direct expenditures and growing tax expenditures, tax expenditures made up nearly all of the renewable subsidies in recent years.
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...