Biofuel Use in the U.S. : Impact and Challenges PDF
Edited by Stefania Alonso, Maria Regina Ortega
Description
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 book 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 economy-wide benefits.
However, the actual level of benefits to the U.S. economy depends importantly on future oil prices and whether tax credits are retained in 2022.
Information
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Download - Immediately Available
- Format:PDF
- Pages:138 pages
- Publisher:Nova Science Publishers
- Publication Date:01/09/2016
- Category:
- ISBN:9781621004882
Information
-
Download - Immediately Available
- Format:PDF
- Pages:138 pages
- Publisher:Nova Science Publishers
- Publication Date:01/09/2016
- Category:
- ISBN:9781621004882