🌱Intent to Publish Emissions Value Request Process for Clean Fuels
Notice of Intent To Publish the 45Z Emissions Value Request Process
Summary
The U.S. Department of Energy (DOE) provides notice of intent to publish the Emissions Value Request Process in support of the U.S. Department of the Treasury's (Treasury) and Internal Revenue Service's (IRS) administration of the clean fuel production credit. Additionally, DOE invites public comment on a proposed collection of information that DOE is developing for submission to the Office of Management and Budget (OMB) for clearance, pursuant to the Paperwork Reduction Act of 1995.
Agencies
- Energy Department
Business Impact
$$ - Med
The proposed Emissions Value Request Process relates to compliance and regulatory requirements for businesses engaged in clean fuel production. The section 45Z credit can provide substantial financial benefits, affecting operational decisions in production processes. This signals a shift toward cleaner transportation fuels and invites industry feedback, impacting business strategies in this area.