Policy intervention in the biofuel market has led to a significant increase in biofuel production and use in the past several years. However, the welfare effect of biofuelpolicies, specifically the ethanol tax credit for corn ethanol, ethanol import tariff andrenewable fuel standard (RFS)...

Biofuels have been promoted to achieve energy security and as a solution to reducing greenhouse gas (GHG) emissions from the transportation sector. This dissertation presents a framework to examine the extent to which biofuel policies reduce gasoline consumption and GHG emissions and their...