Mandates, Tax Credits, and Tariffs: Does the U.S. Biofuels Industry Need Them All?
AbstractExpanded mandates under the Renewable Fuel Standard provide ethanol and biodiesel producers a guaranteed future market at volumes that exceed what they have produced in the past. Despite having these mandates in place, biofuel producers continue to support tax credits and ethanol import tariffs. An examination of how the new mandates will be implemented shows that biofuel producers will receive little or no additional benefit from tax credits. Ethanol import tariffs will continue to provide U.S. corn ethanol producers a cost advantage over imported Brazilian sugarcane ethanol until at least 2013 when the demand for sugarcane ethanol to meet the noncellulosic advanced biofuel mandate starts to increase.
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Bibliographic InfoPaper provided by Center for Agricultural and Rural Development (CARD) at Iowa State University in its series Center for Agricultural and Rural Development (CARD) Publications with number 10-pb1.
Date of creation: Mar 2010
Date of revision:
biodiesel; biofuel tax credit; biofuels mandates; corn ethanol; ethanol import tariffs; fuel subsidies; sugarcane ethanol; Renewable Identification Numbers.;
Other versions of this item:
- Bruce A. Babcock, 2010. "Mandates, Tax Credits, and Tariffs: Does the U.S. Biofuels Industry Need Them All?," Food and Agricultural Policy Research Institute (FAPRI) Publications 10-pb1, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
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