Agricultural Economics Department

 

Date of this Version

2013

Citation

Cornhusker Economics (September 25, 2013)

Comments

Published by University of Nebraska–Lincoln Extension, Institute of Agriculture & Natural Resources, Department of Agricultural Economics. Copyright © [2013] Board of Regents, University of Nebraska. http://agecon.unl.edu/cornhuskereconomics

Abstract

Last month the Environmental Protection Agency (EPA) said it will reduce total required biofuel volumes in its proposal for 2014. What does this mean? Specifically, it means that it will set the overall mandate for renewable fuels at somewhat below the 18.15 billion gallons specified by the 2007 Energy Independence and Security Act legislation (EISA) for the year 2014, commonly referred to as the Renewable Fuels Standard 2 (see Figure 1 on next page for these “RFS2" requirements).

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