Date of this Version
Cornhusker Economics (September 25, 2013)
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).