COP26 ended with historic agreements on fossil fuels and carbon markets—so, what do we do now? We have to grow the renewable economy with science-based legislation, BIO told the House Agriculture Committee.
In context: The House Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit will hold a hearing, A Look at the Renewable Economy in Rural America, today at 10 AM ET.
“Growing the renewable economy will require Congress to lead with science and U.S. innovation,” said BIO in comments submitted ahead of the hearing.
How? “We must incentivize the adoption of innovative, sustainable technologies and practices; and streamline and expedite regulatory pathways for breakthrough technology solutions,” continues Sarah Gallo, BIO’s VP of Agriculture and Environment.
Okay, but how? With legislation that uses “science-based targets to increase the use of biobased manufacturing and low-carbon fuels”—such as the Growing Climate Solutions Act, which would help farmers participate in carbon markets, and tax credits for sustainable aviation fuel.
Why it matters: “As the Committee and Congress begin work on the 2023 Farm Bill, it will be critical to examine policies to combat climate change, strengthen the renewable economy, create jobs, and maintain our supply chains,” we explained. “By accelerating and deploying innovation, American agriculture can be resilient, self-sustaining, and drive our economic recovery.”