TodayEco.com

03 Jan '13, 12am

Report: US 'fiscal cliff' deal extends biofuel incentives, includes support for e-scooters

When the US Senate signed off on a budget agreement to (at least temporarily) avoid the so-called "fiscal clif," it stirred up plenty of debate among Democrats and Republicans. It is doing the same among those eying the biofuel industry. Here's how the green vehicle scene shakes out for now, including support for some electric vehicles. In the agreement, many of the biofuel initiatives from 2008's Farm Bill were extended another year to the end of 2013, causing biofuel advocates to say that the budget agreement will save jobs and continue to help lessen dependency on foreign oil, Biofuels Digest reports. Specifically, this week's agreement, which the US House passed by about a 3-to-2 margin, extends the $1.01-per-gallon production tax credit for cellulosic biofuel by another year to the end of 2013. It also retroactively enacts a $1-a-gallon production credit for biodiesel...

Full article: http://green.autoblog.com/2013/01/02/us-fiscal-cliff-deal...

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