*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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05.14.2024
LCFS credit trading volumes, prices decline on week
California Low Carbon Fuel Standard (LCFS) credit volumes declined sharply while the average credit price moved lower in the week ended Sunday May 12, according to the figures released...
05.14.2024
Animal fats prices steady on the week; Weekly average DCO 36.89% under three year average
Animal fats prices were flat on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the Fastmarket’s Biofuels...
05.14.2024
Dog, cat food exports for Q1 2024 drop in price, volume year on year
Animal proteins prices were steady to lower on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the...