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Biofuel Use in the U.S. : Impact and Challenges, PDF eBook

Biofuel Use in the U.S. : Impact and Challenges PDF

Edited by Stefania Alonso, Maria Regina Ortega

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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.

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