Advancing a Sustainable, Low Carbon Transportation Sector Fueled by Renewable Energy
Economic growth, global instability, the need for clean air and acute dangers posed by climate change mandate that business as usual, reliance on a single, fossil fuel, petroleum, is not an option. The U.S. and other countries must reduce dependence on petroleum, and substantially increase the use renewable, clean biofuels, as well as electric and hydrogen vehicles.
By 2050, predictions for the global transportation sector include: road travel to double; aviation travel to increase 200-300%; energy demand to increase 70%; and CO2 emissions to increase up to 89%. This imperative is an indicator that the US transportation industry, and more importantly, fueling transportation, is one of the greatest challenges and most significant business opportunities of this century.
The biofuel and electric vehicle industries are already seizing this opportunity. In 2014, the U.S. biofuel industry produced over 16 billion gallons of clean, renewable fuel, meeting 10% of the nation’s liquid fuel supply. Electric vehicles (EVs) have grown exponentially.
Sufficient technology innovation, sources of capital, consumer support and end user demand, exists to accelerate this transition to a sustainable transportation system. But entrenched interests are determined to thwart this forward momentum and maintain the unsustainable status quo by paralyzing policy, cutting off market access and preventing competition, freezing financing and weakening public and policymaker support through an aggressive campaign of misinformation.
Objectives & Strategy
As the business voice for all renewable energy, ACORE is leveraging its Transportation Initiative to:
1. Advocate for effective policy implementation and enactment that will facilitate this transition
2. Enhance market access, competition, consumer choice and the development of necessary infrastructure
3. Accelerate low cost financing
4. Strengthen public and policymaker support as the business voice for renewable transportation fuels
Specific objectives for ACORE’s Transportation Initiative include:
1. Effective implementation of the Renewable Fuel Standard (RFS), in line with statutory requirements, to create a competitive marketplace for transportation fuels
2. Stable, predictable long-term tax policy
3. Protection and expansion of low carbon fuel standards (LCFSs) and EV promotion efforts in the Western U.S.; as well as reforms to the LCFSs to prevent discrimination against Midwestern and Brazilian ethanol
4. Advising state Green Banks on financial mechanisms and strategies for EV infrastructure investment
5. Optimizing and deploying ACORE’s strategic communications platforms to amplify the facts about biofuels and EVs and discredit the myths
Through our Advisory Committee, members are engaged and empowered to achieve these objectives, while expanding their business opportunity and navigating a complex policy landscape. Monthly Advisory Committee calls, webinars, email updates, online resources and Executive Meetings equip members with pertinent information. Strategic deliverables including letters to public officials, white papers, formal comments, OpEds, as well as in-person meetings, leverage member expertise and enable them to influence policymakers and the public as the business voice for renewable transportation fuels and technologies.