EPA Puts RFS In Jeopardy
by Jacqui Fatka (Farm Futures) Actions taken by EPA to help keep RFS alive have actually backfired and brought more attacks in defending Congress’ intent.
Wally Tyner, Purdue University ag economist, said it’s quite ironic that EPA likely proposed lower corn-based biofuels levels because they were hearing so much flak from Congress and others saying the RFS wasn’t working well and the blend wall was problematic. But by trying to reduce the RFS, it may have actually had the opposite effect.
“The RFS may be more in jeopardy than it was before,” Tyner said.
Tyner added it is important to recognize that when Congress approves a non-market solution for something such as clean air, fuel economy or in this case renewable fuels standards levels, it is because Congress didn’t believe that the market alone would allow for the socially-desired outcome.
“Congress wanted to have more renewable fuels and EPA has the responsibility to accept that intent of Congress and come out with rules that achieve that,” Tyner said. READ MORE and MORE (AgWeek) and MORE (Sioux City Journal) and MORE (MIT Technology Review)