The final BCAP rule sets out a list of goals and principles governing the program going forward. These goals focus on new markets while protecting established markets:
New Energy Crop Feedstocks
BCAP will reduce the financial risk of producers who support emerging biofuels markets. Crops include, but are not limited to, switchgrass, miscanthus, fast-growing woody poplar, jatropha, algae, energy cane, and pongamia.
Ensures additional production
- Promotes the cultivation of new biomass for new purposes.
- Doesn't penalize existing users of biomass for heat and power.
- Disallows windfalls or undue financial gains for producers seeking payment for using their own waste products in existing conversion practices.
Kick-starts liquid cellulosic biofuels to meet Renewable Fuel Standard targets
BCAP provides bonus incentives for the cultivation of cellulosic biofuels that have 60 percent lower lifecycle greenhouse gas emissions.
Protects existing markets
The USDA will determine if a local market exists for specific materials, and if so, will disqualify that material to protect existing markets.
Suz-Anne Kinney
Forest2Market: July 14, 2023
