TSM 325 F11 Lecture-11B

TSM 325 F11 Lecture-11B - 11/1/2011 TSM 325 (AE, Agron,...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
11/1/2011 1 "An error doesn't become a mistake until you refuse to correct it." - Orlando A. Battista TSM 325 (AE, Agron, AnS, BSE, BusAd, Econ) Biorenewable Systems Week 11 – Session B This Session Biofuels and government policy Some nuts-n-bolts Economic impacts Some producer economics Dr. Chad Hart, Dept. of Economics at Iowa State University
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
11/1/2011 2 Biofuels and Government Policy Why is the government involved in biofuel development? Why did corn-based ethanol lead biofuel development? Why Government Involvement? Protect domestic industries Foster stronger agricultural demand Reduce foreign energy dependence Promote rural economic development Support technological innovation This list can be as varied as the number of supporters.
Background image of page 2
11/1/2011 3 Why Corn-based Ethanol? Lincoln, NE 1933 Source: Nebraska Historical Society Government Support: Many Forms Subsidies/taxes Public research funding/incentives for private research Mandates/quotas Regulations The U.S. has all of these
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
11/1/2011 4 Current Set of Gov. Incentives Advanced Biofuel Production Grants and Loan Guarantees Advanced Biofuel Production Payments Alternative Fuel Excise Tax Credit Alternative Fuel Infrastructure Tax Credit Alternative Fuel Mixture Excise Tax Credit Alternative Fuel Tax Exemption This is just the list that starts with “A” Current Set of Gov. Regulations Alternative Fuel and Vehicle Labeling Requirements Greenhouse Gas Reporting Requirement Import Duty for Fuel Ethanol Renewable Fuel Standard (RFS) Program
Background image of page 4
11/1/2011 5 Renewable Fuels Standard (RFS) 0 5 10 15 20 25 30 35 40 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 19

TSM 325 F11 Lecture-11B - 11/1/2011 TSM 325 (AE, Agron,...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online