Economic and Environmental Impacts of Washington State Biofuel Policy Alternatives

Michael McCullough, David W. Holland, Kathleen M. Painter, Leroy Stodick and Jonathan K. Yoder

Journal of Agricultural and Resource Economics, 2011, vol. 36, issue 3, 15

Abstract: A computable general equilibrium model is used to analyze the effectiveness of policy alternatives at achieving biofuel-related goals in Washington State. Policy regimes compared include blend mandates, generally funded volumetric and CO2e (CO2 equivalent) emissions-based tax/subsidy regimes, and revenue-neutral funded tax/subsidy regimes that use fossil fuel taxes to fund renewable fuel subsidies. Results suggest that a revenue-neutral CO2e emissions-based tax/subsidy is arguably the most effective single alternative for pursuing the full set of objectives emphasized in recent Washington State legislation.

Keywords: Environmental Economics and Policy; Land Economics/Use; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:119183

DOI: 10.22004/ag.econ.119183

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