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Diane Publishing Books
Renewable Fuel Standard: Issues for 2014 and Beyond
Terry Dinan (au); Ron Gecan (au); David Austin (au)
The Renewable Fuel Standard (RFS) establishes minimum volumes of various types of renewable fuels that must be included in the U.S.ńˇ╗s supply of fuel for transportation. Those volumes ńˇţ as defined by the Energy Independence and Security Act of 2007 (EISA) ńˇţ are intended to grow each year through 2022. Recently, the requirements of the RFS have been met largely by blending gasoline with ethanol made from cornstarch. In the future, EISA requires the use of increasingly large amounts of ńˇýadvanced biofuels,ńˇŁ which include diesel made from biomass (such as soybean oil or animal fat), ethanol made from sugarcane, and cellulosic biofuels (made from converting the cellulose in plant materials into fuel). A main goal of the Renewable Fuel Standard is to reduce U.S. emissions of greenhouse gases, which contribute to climate change. Policymakers and analysts have raised concerns about the RFS, particularly about the feasibility of complying with the standard, whether it will increase prices for food and transportation fuels, and whether it will lead to the intended reductions in greenhouse gas emissions. This analysis evaluates how much the supply of various types of renewable fuels would have to increase over the next several years to comply with the RFS. It also examines how food prices, fuel prices, and emissions would vary in an illustrative year, 2017, under three scenarios for the Renewable Fuel Standard. Figures and tables. This is a print on demand report.
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