Cover title. "The analysis was prepared by Terry Dinan, Ron Gecan, and David Austin, in collaboration with Dave Hull, Kathleen FitzGerald, and Elizabeth Cove Delisle and assisted by Vi Nguyen (formerly of CBO), with guidance from Joseph Kile and Chad Shirley. Mark Booth, Daniel Fried, and Andrew Stocking of CBO provided helpful comments."--Page 35 "June 2014"--Cover "Pub. no. 4765"--Page 2 of cover Includes bibliographical references. Print copy from PDF.

Summary. -- Overview of the renewable fuel standard and its implementation. -- Challenges in meeting the renewable fuel requirements of EISA. -- Effects of the RFS on the use of renewable fuels. -- Effects of the RFS on prices and spending for food. -- Effects of the RFS on prices of transportation fuels. -- Effects of the RFS on emissions. -- Appendix. Policymakers and analysts have raised concerns about the RFS, particularly about the feasibility of complying with the standard, whether it will increase prices for food and transportation fuels, and whether it will lead to the intended reductions in greenhouse gas emissions. In this analysis, the Congressional Budget Office (CBO) evaluates how much the supply of various types of renewable fuels would have to increase over the next several years to comply with the RFS. CBO also examines how food prices, fuel prices, and emissions would vary in an illustrative year, 2017, under three scenarios for the Renewable Fuel Standard.