Federal RNG Incentives in Spotlight; Plus News From Burnham RNG, Waga Energy and More
The renewable natural gas industry capped off a busy year with plans to push forward new regulatory incentives. The federal measures, including a transportation fuel tax credit, would add additional tailwinds to RNG production at a time when D3 RIN prices have been on a steady climb for six months.
The U.S. Treasury also released guidance in December on how it planned to implement the Clean Hydrogen Production Credit, a program created by the Inflation Reduction Act and known as Section 45V in the tax code. Some landfill operators hope to see the program made available for hydrogen produced from biogas or RNG, though it’s unclear how likely that is with the current rule language. Public comment for Section 45V is open until Feb. 26.