Ethanol, Biofuel Leaders Say Withdrawal from Paris Accord Won’t Impact the Industry

The U.S. exit from the Paris Accord climate change agreement will have no impact on biofuels.

“President Trump’s announcement Thursday that the U.S. will back out of it essentially doesn’t really have a whole lot of impact on ethanol, on biofuels,” said Brian Jennings, executive vice president of the American Coalition for Ethanol.

The announcement won’t affect renewable fuels because commitments made in the accord were based on the clean power plan and automobile fuel economy rules, according to Jennings.

“It always befuddled me that the [Obama] administration chose not to use the tool of biofuels as part of the solution to reduce greenhouse gas commitments,” Jennings told Brownfield Ag News Thursday, “but they chose not to.”

President Trump announced Thursday that the U.S. will back out of the agreement, “but begin negotiations to re-enter either the Paris Accord or an entirely new transaction.”

Re-entering the agreement or a replacement, according to Trump, would be “on terms that are fair to the United States, its businesses, its workers, its people, its taxpayers.”

“Biofuels like ethanol make sense both environmentally and economically,” said Bob Dinneen, CEO of the Renewable Fuels Association, in the email. “Our industry will continue to innovate, grow, and fight climate change regardless of whether the U.S. is party to the Paris agreement.”

Source: AgriMarketing

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