Greaker, Mads; Hoel, Michael; Rosendahl, Knut Einar - 2014 - This version April 23, 2014
renewable fuel standard. Thus, if emissions from biofuels are negligible, the standard will have beneficial climate effects. The … standard also reduces total fuel (i.e., oil plus biofuels) consumption initially. Hence, even if emissions from biofuels are … non-negligible, a renewable fuel standard may still reduce climate costs. In fact our simulations show that even for …