RIN markets working effectively, according to CARD

November 11, 2013 |

In Iowa, a new report on the RIN market asserts that the system is working effectively and as intended in tracking compliance with the RFS. The research, performed at the Center for Agricultural and Rural Development at Iowa State University, discovered that a $325 million investment in E85 infrastructure would reduce compliance costs by $1.75 billion, demonstrating the effectiveness of the system. The paper also reinforced concerns that rolling back the RFS would send mixed messages to producers: “Stand firm on higher mandates and the market will be opened to E85, and consumption levels will rise. Lower the mandate significantly and it is a signal that the federal government is not committed to expanded consumption of biofuels as envisioned in the RFS.”

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Category: Policy

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