Growth Energy and the Environmental Protection Agency announced an agreement on the Renewable Volume Obligations for 2023.
Last week, the two groups submitted a consent decree agreement to the U.S. District Court in Washington, D.C.
The agreement requires EPA to propose the 2023 renewable volume fuel requirements no later than November 16, 2022, and then finalize the requirements no later than June 14, 2023.
“The agreement is an important milestone in setting the pace for growth as we usher in a new era of the Renewable Fuel Standard,” says Growth Energy CEO Emily Skor. “The agreement avoids the uncertainty of continued litigation and ensures the certainty of the 2023 RFS requirements.”
The EPA is required to coordinate with the Energy Department and the USDA to set renewable fuel volume requirements through rulemaking, taking into consideration six statutory factors, including environmental, economic, and energy security. The court is expected to approve the agreement.