Intricacies of Meeting the Renewable Fuels Standard

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2015-07-20
Authors
Babcock, Bruce
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Babcock, Bruce
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Center for Agricultural and Rural Development

The Center for Agricultural and Rural Development (CARD) conducts innovative public policy and economic research on agricultural, environmental, and food issues. CARD uniquely combines academic excellence with engagement and anticipatory thinking to inform and benefit society.

CARD researchers develop and apply economic theory, quantitative methods, and interdisciplinary approaches to create relevant knowledge. Communication efforts target state and federal policymakers; the research community; agricultural, food, and environmental groups; individual decision-makers; and international audiences.

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Center for Agricultural and Rural Development
Abstract

Consumption of biofuels is scheduled to ramp up to 36 billion gallons over the next 13 years if the timetable set in the Renewable Fuels Standard (RFS) is to be maintained. To ensure that fuel blenders meet this volume, the Environmental Protection Agency (EPA) uses the market for biofuel RINs (Renewable Identifi cation Numbers) to create a suffi cient incentive.

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