What are Biofuel Subsidies Good For?
Biofuels Production and Tax Subsidies, Federal Renewable Fuel Mandate
By Institute for Energy Research —— Bio and Archives--December 10, 2010
Global Warming-Energy-Environment | Comments | Back To Full Article
There are two prominent justifications for biofuel subsidies—to reduce gasoline consumption and carbon dioxide emissions. But how much does it cost to achieve these goals? According to the Congressional Budget Office (CBO)[0], subsidies for biofuels are costly to consumers and have high abatement costs for mitigating carbon dioxide emissions.
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