Week Ahead

Climate Week Ahead

EPA Holds RFS Hearing, Energy Sector Groups To Preview 2022 Actions

January 3, 2022

EPA is holding a public hearing about its controversial plan to reduce biofuel blending requirements under the renewable fuel standard (RFS). Looking ahead, major trade associations representing various facets of the energy industry are poised to preview the outlook for their sectors in 2022.

Biofuel Policy

EPA is hosting a Jan. 4 public hearing on its controversial plan to impose significant reductions in biofuel blending volumes under the RFS for 2021 as compared to prior levels, along with a steep retroactive cut in 2020 levels, while denying all petitions by small refiners to win economic hardship waivers from compliance.

Background Reading: EPA Proposes Steep RFS Volume Cuts, But Plans To Deny Refiner Waivers

Looking Ahead

Industry Outlooks

Several industry trade groups are holding events this month to preview actions in the coming year, including expected developments in energy and climate policy.

The U.S. Chamber of Commerce is holding its annual State of American Business event on Jan. 11, during which climate policy is likely to be discussed alongside multiple other topics.

On Jan. 12, the American Petroleum Institute will hold its annual State of American Energy forum to discuss oil and gas sector issues, while the American Gas Association on Jan. 13 will detail a new “vision” for achieving net-zero emissions.

Meanwhile, the U.S. Energy Association is planning a Jan. 20 event, the State of the Energy Industry Forum, featuring CEOs from every major energy trade group to highlight policy priorities for 2022.

Climate Science

The Environmental & Energy Study Institute is hosting a Jan. 12 event to discuss advances in weather forecasting, which the group notes is “an essential capability to help communities prepare for and adapt to extreme weather.”

Scientists and climate advocates have been highlighting increasingly extreme weather events linked to climate change, and various agencies under the Biden administration are sharpening their response efforts under the broad heading of climate adaptation.

Background Reading: Agencies’ Climate Resiliency Reports Outline Government-Wide Efforts

Low-Carbon Tax incentives

The law firm Crowell & Morning is hosting a Jan. 13 webinar to discuss sundry low-carbon technology tax incentives that were enacted in the bipartisan infrastructure law, as well as a broader package that has been proposed in Democrats’ budget “reconciliation” bill.

“These new incentives will extend and revise existing credits and generate new opportunities for infrastructure and energy companies and investors,” the firm notes.

Pages

Not a subscriber? Sign up for 30 days free access to exclusive environmental policy reporting.