Switched On Biofuels and EV Charging in Carbon Credit Tussle
Mar 27, 2023
Ryan Fisher, a lead analyst specializing in electric vehicle charging at BloombergNEF, and Jade Patterson, a senior associate focused on renewable fuels, delve into the exciting dynamics between biofuels and electric vehicles. They explore how carbon credit schemes impact these sectors and the profitability of EV charging infrastructure. The conversation covers sustainability challenges, future policy implications, and the competition between biofuels and EVs in achieving decarbonization goals. Their insights highlight a pivotal moment in the transportation landscape.
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Biofuel Policy Origins
- Biofuel policies initially focused on energy security, not emissions reductions.
- This is problematic as the focus has shifted to decarbonization.
IRA’s Impact on Biofuels
- The Inflation Reduction Act mainly extends current biofuel policies.
- A key change is the new tax credit for sustainable aviation fuel (SAF).
EV Charging vs. Biofuels
- Carbon credits from EV charging create friction with biofuels.
- Volume-based biofuel targets clash with broader carbon reduction goals.