The U.S. Department of Energy estimates for every one billion gallons of ethanol produced, 10,000 to 20,000 jobs are added to our domestic economy. – See more at: http://www.growthenergy.org/ethanol-issues-policy/economy/#sthash.spIUHru1.dpuf
In 2014 alone, the ethanol industry created and supported nearly 400,000 new jobs across the country that cannot be exported or outsourced. In addition, ethanol production contributed nearly $53 billion to the nation’s GDP and generated $5.7 billion in federal tax revenues. Ethanol production also plays a critical role in revitalizing America’s rural areas — some of the hardest hit by the economic downturn — by stimulating economic growth. – See more at: http://www.growthenergy.org/ethanol-issues-policy/economy/#sthash.spIUHru1.dpuf
According to the Department of Energy’s Argonne National Laboratory, ethanol reduces greenhouse gas emissions by an average of 34 percent in comparison to gasoline. Moreover, advanced biofuels have the potential to reduce greenhouse gas emissions by over 100 percent. Ethanol from any source has a positive net energy balance — meaning it gives more energy than is needed to produce it.
In 2014, the 13.4 billion gallons of ethanol blended into gasoline in the United States helped reduce greenhouse gas emissions from on-road vehicles by approximately 38 million metric tons, which is the equivalent of removing roughly 8 million automobiles from the road. Imagine if we were using more ethanol in our motor fuels.
Ethanol is already replacing millions of barrels of imported petroleum. That’s petroleum that could have ended up in our environment, devastating coastal industries, ecosystems and communities. Ethanol is clean burning, renewable, and it’s grown right here in America.
The EPA estimates that higher Renewable Fuel Standards will reduce Greenhouse Gas Emissions from transportation by a total of 6.8 billion tons CO2 equivalent when measured over a 100-year timeframe. This is the equivalent of approximately 160 million tons CO2 equivalent per year. The overall reductions would be like removing 24 million vehicles from the road.
– See more at: http://www.growthenergy.org/ethanol-issues-policy/environment/#sthash.akZ3VW4h.dpuf