Renewable Fuel Standard (RFS)

The Renewable Fuel Standard (RFS) is a U.S. policy aimed at increasing the use of renewable fuels, like ethanol and biodiesel, to reduce dependence on fossil fuels and lower greenhouse gas emissions. It requires oil companies to blend a certain amount of renewable fuels into the gasoline and diesel they sell. The program helps support the development of alternative energy sources, encourages energy independence, and aims to promote cleaner air by reducing pollution. The RFS sets annual blending targets, which increase over time, to drive innovation and investment in renewable energy.