U.S. Renewable Fuel Standard Implementation Mechanism and Market Tracking (Jan 2013 / Clean Transportation Program / CHINESE)

This report briefly introduces the U.S. Renewable Fuel Standard (RFS), a policy for promoting the use of biofuels in order to reduce the country’s dependency on foreign oil and greenhouse gas emissions. The RFS requests fuel refiner, blenders and importer in the US provide a certain amount of renewable fuels every year (Renewable Volume Obligation – RVO). Obligated parties prove they have achieved their RVO through a renewable fuels certification system, which generates Renewable Identification Numbers (RINs) for every unit of qualified renewable fuels produced or released into the market. RINs are a key for tracking renewable fuel consumption, which in turn is a key for implementing the RFS in the US. This documents highlights RFS policy implementing mechanism and marketing tracking, mainly describes importance of RINs, and the method for generating and tracking RINs by both government and fuels industry participants.