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Renewable Fuel Standard: Potential Economic and Environmental Effects of United States Biofuel Policy

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This report evaluates the economic and environmental consequences of increasing biofuels production as a result of the Renewable Fuels Standard, as amended by the Energy Information and Security Act (RFS2). The report describes biofuels produced in 2010 and those projected to be produced and consumed by 2022, reviews model projections and other estimates of the relative impact on the prices of land, and discusses the potential environmental harm and benefits of biofuels production and the barriers to achieving the RFS2 consumption mandate.