The 37 gubernatorial members of the Governors' Ethanol Coalition today released a report, Ethanol from Biomass: How to Get to a Biofuels Future, which asks the President and members of Congress to adopt four recommendations:   

*  Expand the Renewable Fuels Standard (RFS) to include a short-term target of 12 billion gallons a year of ethanol and biodiesel utilization by 2010, and longer-term British thermal unit-based targets of 15 percent of total motor fuels consumption by 2015 and 25 percent by 2025, with equal incremental steps provided for each year in between;
*  Assign a financial value to the RFS cellulosic ethanol 2.5:1 trading credit into a more practical credit.  
*  Establish a timetable for delivering 85% ethanol/15% gasoline infrastructure on a regional basis within five years.    
*  Provide adequate funding for the Energy Policy Act of 2005 authorized biofuel research, demonstration and incentive programs.  

According to a study by the Coalition, adoption of a goal of providing 20 percent of the nation's fuel supply from biofuels would produce benefits:
    *  About 60 billion gallons of ethanol produced annually;
    *  $52 billion a year in avoided oil imports, reducing the trade deficit;
    *  $110 billion in direct economic activity each year with an annual impact of $368 billion on the nation's economy;
    *  2.4 million new jobs.

   Web site:  http://www.ethanol-gec.org/