The Renewable Fuel Standard: Issues for 2014 and Beyond

Using the rising amounts of different types of renewable transportation fuels required under the Renewable Fuel Standard (RFS) will pose significant challenges.

Two options—repealing the RFS or keeping requirements at their current levels—would have similar effects on prices for fuel and food and on greenhouse gas emissions in 2017. But requiring increasing amounts of those fuels, particularly so-called advanced biofuels, would raise fuel prices while slightly reducing emissions.

See full Report: http://www.cbo.gov/publication/45477