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Yano, Yuki; Blandford, David; Surry, Yves R.. |
The U.S. Renewable Fuel Standard program (RFS), which involves mandates for various biofuels, is complex and has been often misinterpreted or oversimplified in previous studies. In this paper we analyze the implications of the RFS for the U.S. domestic and international ethanol markets. We demonstrate the vital role of the advanced biofuel mandate within the RFS. Impacts of changes in tariffs on imported fuel ethanol and subsidies for U.S. domestic ethanol production are examined. One of our important findings is that the RFS could result in serious misallocation of resources in both a national and international context. There is a possibility that the United States could be required to import sugarcane-based ethanol to meet the advanced biofuel mandate,... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Ethanol; Trade liberalization; Renewable Fuel Standard; Mandate; Subsidies; Industrial Organization; F13; Q18; Q42; Q48. |
Ano: 2010 |
URL: http://purl.umn.edu/91832 |
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