EconPapers    
Economics at your fingertips  
 

The New Markets for Renewable Identification Numbers

Wyatt Thompson, Seth Meyer and Pat Westhoff

Applied Economic Perspectives and Policy, 2010, vol. 32, issue 4, 588-603

Abstract: Renewable Identification Numbers (RINs) were developed to act as tracking mechanisms that ensure compliance with the U.S. biofuel use mandates legislated in 2005 and increased and adjusted to include sub-mandates in 2007. Reviewing the rules for RIN production and use, we conclude that RIN prices will be hierarchical, and rollover provisions allow stock-holding. We illustrate our interpretation by constructing RIN supply and use tables, and by discussing how expiring tax credits and the specific tariff raise RIN prices and mandate costs. RIN markets are critical for estimating biofuel use mandate effects on biofuel and feedstock markets and welfare. Copyright 2010, Oxford University Press.

Date: 2010
References: Add references at CitEc
Citations View citations in EconPapers (15) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1093/aepp/ppq021 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:apecpp:v:32:y:2010:i:4:p:588-603

Ordering information: This journal article can be ordered from
http://www.oup.co.uk/journals

Access Statistics for this article

Applied Economic Perspectives and Policy is currently edited by Timothy Park, Tomislav Vukina and Ian Sheldon

More articles in Applied Economic Perspectives and Policy from Agricultural and Applied Economics Association Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Series data maintained by Oxford University Press ().

 
Page updated 2017-11-07
Handle: RePEc:oup:apecpp:v:32:y:2010:i:4:p:588-603