NEW YORK (Reuters) – The Biden administration is expected to release by next week a climate model for clean fuel tax credits that will not include climate-smart agricultural practices, three sources familiar with the matter told Reuters.
The exclusion of the practices would make it harder for ethanol producers to access clean fuel energy credits and represents a reversal from the last update of the climate model. U.S. Treasury is expected to issue a notice for proposed rulemaking on the broader program on Friday, leaving further decisions on the plan to incoming President-elect Donald Trump’s administration.
(Reporting by Stephanie Kelly and Jarrett Renshaw)
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