Economywide implications from US bioenergy expansion

Mark Gehlhar, Agapi Somwaru, Peter Dixon, Maureen Rimmer, Ronald Winston

    Research output: Contribution to journalArticleResearchpeer-review

    19 Citations (Scopus)

    Abstract

    In this article, the authors assess the long term economic impacts on United States household consumption and the Gross Domestic Product from meeting the Renewable Fuels Standard. The article notes that the Renewable Fuels Standard (RFS) was set by the 2007 passage of the Energy Independence and Security Act (EISA). The article also notes that there has been debate about the effect of proposed tax credits for biofuel developers. Some argue that tax credits will cost taxpayers billions of dollars each year, while others say that the benefits of biofuels over crude oil will outweigh the costs of tax credits.
    Original languageEnglish
    Pages (from-to)172 - 177
    Number of pages6
    JournalAmerican Economic Review
    Volume100
    Issue number2
    DOIs
    Publication statusPublished - 2010

    Cite this

    Gehlhar, M., Somwaru, A., Dixon, P., Rimmer, M., & Winston, R. (2010). Economywide implications from US bioenergy expansion. American Economic Review, 100(2), 172 - 177. https://doi.org/10.1257/aer.100.2.172