*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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12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...