WEST LAFAYETTE — The U.S. Environmental Protection Agency's new plan to reduce the required amount of biofuels to be produced in 2014 by 2.94 billion gallons would reduce incentive for biofuels growth, Purdue University energy policy specialist Wally Tyner says.
Tyner, the James and Lois Ackerman Professor of Agricultural Economics, commented on the EPA's proposal to trim total production of biofuels from the current mandate of 18.15 billion gallons to 15.21 billion. Tyner recommends the total be set at 16.4 billion.
“I think something in that area does a better job of fulfilling the original intent of Congress in the RFS, but adjusted for current market and technology realities,” Tyner wrote in a blog posting titled “The Biofuels Renewable Fuel Standard at a Crossroads” at http://www.pennenergy.com/index/blogs/energy-and-environmental-economics.html.
