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| Gehlhar, Mark J.; Somwaru, Agapi; Somwaru, Agapi. |
| Achieving greater energy security by reducing dependence on foreign petroleum is a goal of U.S. energy policy. The Energy Independence and Security Act of 2007 (EISA) calls for a Renewable Fuel Standard (RFS-2), which mandates that the United States increase the volume of biofuel that is blended into transportation fuel from 9 billion gallons in 2008 to 36 billion gallons by 2022. Long-term technological advances are needed to meet this mandate. This report examines how meeting the RFS-2 would affect various key components of the U.S. economy. If biofuel production advances with cost-reducing technology and petroleum prices continue to rise as projected, the RFS-2 could provide economywide benefits. However, the actual level of benefits (or costs) to the... |
| Tipo: Report |
Palavras-chave: Bioenergy; Economywide; Ethanol; Petroleum; Trade; Macroeconomic factors; RFS-2; Resource /Energy Economics and Policy. |
| Ano: 2010 |
URL: http://purl.umn.edu/96758 |
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