Orange County NC Website
KEY DRIVER - RENEWABLE FUELS <br />• Clean energy regulations: <br />• Renewable fuel standard (RFS2) and Low Carbon Fuel Standard (LCFS) <br />• Biogas Investment Tax act, 30% investment tax credit (ITC) for qualifying biogas <br />technologies <br />• Production Tax Credit for biogas projects generating electricity <br />• If 50% of food waste generated annually went to AD could satisfy electricity needs <br />of 2.5 million homes per annum <br />o California: Assembly Bill (AB) 1900 — defines biomethane as a renewable fuel, <br />authorizes California Energy Commission to establish certification process for <br />biogas energy content and purity <br />• Continued growth in renewable energy consumption is predicted by many <br />authorities <br />