EPA Proposes Changes to RIN Trading in RFS
The EPA is proposing a structured process for buyers of Renewable Identification Numbers in an effort to help make the Renewable Fuel Standard program more efficient and effective. Under the proposal - RINs would be verified through a new voluntary quality assurance program that includes alternative compliance options that leverage existing industry practices and market forces. According to EPA - Quality Assurance Plans would provide a recognized means for independent third parties to audit the production of renewable fuel and verify that RINs have been validly generated. The proposed rule allows verification of RINs to begin this year.
EPA expects this rulemaking to improve the overall liquidity in the RIN market - and make it easier for smaller renewable fuel producers to sell their RINs.
The proposal to change RIN trading is available for a 30-day public comment period.
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