House hearing focuses on biofuels, the renewable economy

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The House Agriculture Committee’s Subcommittee on Commodity Exchanges, Energy and Credit on Nov. 16 hosted a hearing on the renewable economy to help inform development of the next Farm Bill. The event featured testimony on the importance of biofuels, the Renewable Fuel Standard, year-round E15, and biobased products.

Rep. Antonio Delgado, D-N.Y., chair of the subcommittee, opened the hearing with a brief discussion of the importance of the renewable economy in the U.S. “While the focus of our hearing is on the benefits of strategic investments in the renewable economy provide rural America, the growth of this industry stands to have a substantial impact on the national and global economy, with some experts estimating the direct economic of biobased products and services and processes at up to $4 trillion per year globally over the next 10 years,” he said.

“Furthermore, the growth of the domestic renewable economy helps…

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