Biogenic CO2 Coalition analysis shows benefits of agricultural crops for fuels

In Washington, the Biogenic CO2 Coalition released a new economic impact analysis in support of its petition for a U.S. Environmental Protection Agency (EPA) rule that biogenic carbon emissions from agricultural crops are de minimis and should not be regulated by the same standards as fossil fuels. The report demonstrates the significant economic benefit of that reform.

The report, conducted by Policy Navigation Group, analyzed six industries across 13 states and revealed the reform would result in the addition of 2,100 U.S. full-time jobs and $130 million in wages. Additionally, it would drive $27 million in federal tax payments and $17 million in state and local tax payments. The potential economic gains for these industries would reach $240 million in a single year.