American Biogas Council applauds reintroduction of the Agricultural Environmental Stewardship Act
In the United States (US), Congressmen Ron Kind (D-WI-03) and Tom Reed (R-NY-23) have reintroduced the Agricultural Environmental Stewardship Act demonstrating continued support for the on-farm economy and the deployment of technologies that promote sustainable agriculture. The Act, which provides a 30 percent investment tax credit (ITC) for qualifying biogas and nutrient recovery systems has been applauded by the American Biogas Council (ABC).
The introduction of the Agricultural Environmental Stewardship Act reflects the critical need to support economically and environmentally sustainable agricultural practices that protect waterways and enrich soils. According to the American Biogas Council (ABC), no tax incentive exists to incentivize biogas systems that produce renewable natural gas or any nutrient recovery systems.
This new investment tax credit would promote the development of biogas systems that turn their biogas into pipeline-quality biomethane, aka renewable natural gas (RNG), for sale to gas customers who want to lower their carbon footprint, fleet owners who want renewable fuel, and for renewable heat.
The tax credit would also promote the use of nutrient capture technologies that can remove certain nutrients in a watershed that has too much phosphorus or nitrogen, to create a product that can be sold in a watershed that needs that nutrient for soil health and to boost crop yields.
At a time when we need to strengthen US agriculture, promote more sustainable practices and make healthier soils, the Agricultural Environmental Stewardship Act is exactly what we need. The ABC is very grateful for the continued support of Congressmen Kind and Reed. We believe this bill will encourage greater investment in biogas systems and nutrient recovery technologies which will create new jobs, promote sustainable farm practices, and provide additional revenue streams for farmers, said Patrick Serfass, Executive Director of ABC.