This paper examines the changes in land use in the U.S. likely to be induced by biofuel and climate policies and the implications of these policies for GHG emissions over the 2007-2022 period. The policies considered here include a modified Renewable Fuel Standard (RFS) by itself as well as...

A carbon tax would penalize carbon intensive fuels like gasoline and shiftfuel consumption to less carbon intensive alternatives like biofuels. Since biofuelproduction competes for land with agriculture, a carbon tax could raiseland rents, divert land towards fuel production, and raise...