APPENDIX III: INCENTIVES AND POLICIES
Energy is one of the largest markets in the world, with estimates of size ranging in the
neighborhood of $6 trillion.121 U.S. expenditures on energy services were $1.2 trillion in 2010,
and are expected to grow to $1.7 trillion in 2030. 122 As such it is open to large amounts of
regulation from various governments, whether from the local, state, or federal level.
Federal Renewable Fuels Standard
The first federal renewable fuel standard was the result of the Energy Policy Act of 2005.
This version, known as RFS1, was amended by further legislation in the Energy Independence
and Security Act of 2007. The subsequent rules became known as RFS2. 123 These standards set
forth the applicable amount of renewable fuels to be included in transportation fuels "sold or
introduced into commerce in the United States."124 The original amounts laid out under the
RFS2 guidelines are shown in Table A1.
pi Renewable Energy
gy Efficiency Report
Applicable Volume of Renewable
Fuel (in billions of gallons)
Table A1: Renewable Fuel Standard, EISA 2007
The regulating authority for the Renewable Fuel Standard is the U.S. Environmental
he Status of Renewable EnergyAgency (EPA). As such, this agency is in charge of conduction lifecycle greenhouse
ciency in the State of Mississippi
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