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

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

by Stefania Alonso
     
 

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

Overview

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.

Product Details

ISBN-13:
9781621004417
Publisher:
Nova Science Publishers, Incorporated
Publication date:
11/01/2011
Series:
Energy Science, Engineering and Technology Series
Pages:
138

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