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Governors' Biofuels Coalition
NEWS UPDATE August 20, 2013

Purdue economists say EPA must lower requirements to ‘rescue’ RFS

Amanda Peterka, E&E reporter  •    •  Posted August 20, 2013

U.S. EPA can “rescue” the federal biofuel mandate by lowering requirements by 2.3 billion gallons next year, two Purdue University economists said in a paper last week. Lowering the requirements by that amount could alleviate many of the issues with the renewable fuel standard and reduce pressure to repeal the standard on Capitol Hill, the economists said. A 15.85-billion-gallon overall biofuel target next year — as opposed to the standard’s current 18.15-billion-gallon target — would create a “reasonable” approach that could be met through a combination of conventional ethanol, cellulosic biofuel, biodiesel and Brazilian sugar cane ethanol imports, according to the economists.

“The RFS moves from being unworkable to quite manageable,” said Wally Tyner and Lois Ackerman, both professors of agricultural economics who specialize in renewable fuel issues. “Thus, EPA has taken a preemptive strike to make the RFS continue to work in promoting renewable fuels without imposing undue costs on producers or consumers.” [ read more … ]

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