Tag Archives : corn ethanol

The current mantra is to ‘reduce greenhouse gas emissions more than 25 percent by 2020 — and more than 80 percent by 2050.’ While these attempts will curb our dependence on fossil fuels, doing ‘everything possible to promote alternative energy’ may also entail ‘financial, political, and technical pressures as well as time constraints [...]

The US biofuels industry is expensive. Making corn fuel is costly. The industry currently enjoys a ‘45 cent tax credit for every gallon of ethanol produced.’ That’s $3 billion in tax credits in a year. Import tariffs on sugar-based ethanol from Brazil and the Caribbean, logically higher so as to eliminate competition for the domestically manufactured [...]