National Research Council committee on the Renewable Fuel Standard: costly program of uncertain benefits

Michael Giberson Congress asked the National Research Council to evaluate the economics and environmental effects of the advanced biofuels mandate in the Renewable Fuels Standard (“RFS2”). The result? It isn’t pretty: barring unforeseen technological advances that dramatically reduce costs or oil prices consistently in the neighborhood of $190 a barrel or higher, RFS2 just doesn’t … More National Research Council committee on the Renewable Fuel Standard: costly program of uncertain benefits