The United States' Renewable Fuel Standard Program requires a certain volume of renewable fuel be used to replace or reduce fossil fuel use. Each gallon of renewable fuel is assigned a Renewable Identification Number or RIN, which allows renewable fuel volumes to be tracked, traded, bought, and sold. These multifunctional numbers affect the entire fuel industry, including both conventional and renewable fuel producers.
According to one of our next guests in the series, RINs are little-known and poorly understood - even in the renewable fuel industry. Discover how the RIN system functions as a subsidy, mandate, tax, and a financial asset all at once. Tune in as we dissect the "most complex environmental credit ever written" with two experts in the field: George Hoekstra, President of Hoekstra Trading, and Brooke Coleman, the Executive Director of the Advanced Biofuels Business Council.
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