Center for Freedom and Prosperity Foundation
For Immediate Release
Tuesday, September 28, 2020
202-285-0244
www.freedomandprosperity.org
CF&P Foundation Policy Brief Reviews the Renewable Fuel Standard
The RFS has failed to achieve the stated goals from its enactment
(Washington, D.C., Monday, September, 2020) The Center for Freedom and Prosperity Foundation released today a new Policy Brief paper that reviews the evidence on the Renewable Fuel Standard. The paper finds that the RFS has not advanced the stated policy goals, environmental improvements and energy independence, of those who enacted it.
Regarding the environment, the paper notes that expectations that conventional corn ethanol would give way to more advanced biofuels have not become reality. Instead, increasing corn production has led to a number of negative economic consequences. Economically, RFS is found to introduce market distortions that harm consumers and refiners, and does not advance energy independence.
Link to the paper: http://freedomandprosperity.org/2020/publications/the-renewable-fuel-standard-and-its-challenges/
PDF Download: http://www.freedomandprosperity.org/files/PolicyBriefs/CFP_PolicyBrief_Renewable_Fuel_Standard.pdf
For additional comments:
Andrew Quinlan, President, can be reached at 202-285-0244, andy@freedomandprosperity.org
Brian Garst, Vice President, can be reached at bgarst@freedomandprosperity.org
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