RINS and LCFS – Regulations for renewables in Oil & Gas industry
SAP Credit Management
JANUARY 3, 2023
In US, to reduce greenhouse gas emissions, congress created the program Renewable Fuel Standard, RFS, in 2005 as a part of the Energy Policy Act – under this act, specific amounts of renewable fuels were mandated to be used for transportation fuel. The transaction is also reconciled with EMTS. The transaction is reported to LRT.
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