This paper evaluates the welfare and greenhouse-gas effects of the Renewable Fuel Standard (RFS) in the presence of biofuel subsidies. In our numerical model, demand for gasoline and ethanol stems from consumer demand for driving miles, but all fuels have congestion and environmental external...

This paper examines the economic and GHG implications of stacking a low carbon fuel standard (LCFS) with and without a carbon price policy on the Renewable Fuel Standard (RFS). We compare the performance of various policy combinations for food and fuel prices, fuel mix and fuel consumption. We...

Jointly implemented Renewable Fuel Standard (RFS) with the state Renewable Portfolio Standards (RPSs) can interact in complex ways that affect the mix of renewable energy and its greenhouse gas (GHG) intensity used to meet the RPS and the mix of fossil fuels displaced as both policies compete...

The Renewable Fuel Standard (RFS) and state-level Renewable Portfolio Standards (RPS) have the potential to interact in complex ways because they will both rely on biomass for cellulosic biofuels and bio-electricity. This interaction could be synergistic or competitive; while the implementation...