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The Renewable Fuel Standard (RFS) is an American federal program that requires transportation fuel sold in the United States to contain a minimum volume of renewable fuels. It originated with the Energy Policy Act of 2005 and was expanded and extended by the Energy Independence and Security Act of 2007 .
The Renewable Fuel Standard (RFS) requires the blending of renewable fuels such as ethanol and biodiesel in transportation fuels. It was later expanded upon by the Energy Independence and Security Act of 2007 ( Pub. L. 110–140 (text) (PDF) ).
The next time you complain about the government hand in the fuel market consider that without the RFS, the United States would need to import an additional 768 million barrels of oil every year.
These revisions addressed changes to the Renewable Fuel Standard program as required by EISA. The revised statutory requirements establish new specific volume standards for cellulosic biofuel , biomass-based diesel , advanced biofuel, and total renewable fuel that must be used in transportation fuel each year.
A Renewable Identification Number (or RIN) is a serial number assigned to a batch of biofuel for the purpose of tracking its production, use, and trading as required by the United States Environmental Protection Agency's Renewable Fuel Standard (RFS) implemented according to the Energy Policy Act of 2005 and the Energy Independence and Security Act of 2007.
Congress established the Renewable Fuel Standard program as part of the Energy Policy Act of 2005 to promotion the production of renewable fuels. The program, managed by the Environmental Protection Agency (EPA), requires oil refineries to blend in renewable fuels, such as ethanol, into their products produced from fossil fuels. The amount to ...
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The 2022 study "Environmental outcomes of the US Renewable Fuel Standard", published in PNAS, stated, "We find that the RFS increased corn prices by 30% and the prices of other crops by 20%, which, in turn, expanded US corn cultivation by 2.8 Mha (8.7%) and total cropland by 2.1 Mha (2.4%) in the years following policy enactment (2008 to 2016).