Wednesday, July 21, 2010

Using Biofuel Tax Credits to Achieve Energy and Environmental Policy Goals

This congressional Budget Office Report Dated July 2010 assesses the incentives provided by the biofuel tax credits for producing different types of biofuels and analyzes whether they favor one type of biofuel over others. In addition, the study estimates the cost to U.S. taxpayers of reducing the use of petroleum fuels and emissions of greenhouse gases through those tax credits; it also analyzes the interaction of the credits and the biofuel mandates. In keeping with CBO’s mandate to provide objective, impartial analysis, the study contains no recommendations.

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