Bioenergy Insight Features Viridi President and COO’s Market Outlook for 2024
Reflecting on the impressive year that was 2023 and favorable tailwinds ahead, Benham shares his expectations for continued momentum throughout 2024. In addition to tax incentives from the Inflation Reduction Act and the Clean Fuel Production Tax Credits, the rise in D3 RIN credit prices alongside a solid expansion of voluntary buyers translate to a promising RNG landscape.
And yet, despite this overall positive outlook, Benham cautions industry players against overreliance on the status quo: “Up to this point, RNG projects have relied heavily on credits and regulations for viability. However, as we look ahead, our team believes that the industry’s future will center on projects that are developed, built, and operated in ways that deliver sustainable, consistent cash flows and support the broader energy transition, regardless of the regulatory or incentive environment.”
After all, “Any industry that thrives over the long-term must evolve – and for tomorrow’s RNG leaders, the year ahead will be squarely focused on capturing the vast opportunity before us right now,” he writes.
To read Benham’s full insights, check out the article in Bioenergy Insight, available here: https://www.bioenergy-news.com/register-outlook-report/