The Governors’ Ethanol Coalition has released a new report called Ethanol from Biomass: How to Get to a Biofuels Future.
The report asks the President and members of Congress to adopt four recommendations:
1. Expand the Renewable Fuels Standard (RFS) to include a short-term target of 12 billion gallons a year of ethanol and biodiesel utilization by 2010, and longer-term British thermal unit-based targets of 15 percent of total motor fuels consumption by 2015 and 25 percent by 2025, with equal incremental steps provided for each year in between;
2. Assign a financial value to the RFS cellulosic ethanol 2.5:1 trading credit into a more practical credit.
3. Establish a timetable for delivering 85% ethanol/15% gasoline infrastructure on a regional basis within five years.
4. Provide adequate funding for the Energy Policy Act of 2005 authorized biofuel research, demonstration and incentive programs.
Read the full report here.