Honors Capstone Project
Date of Submission
Capstone Prize Winner
Won Capstone Funding
Business | Finance and Financial Management
Persistent uncertainty about the future of the Renewable Fuel Standard led to an analysis of the policy’s language and the varying degrees of political support for the program in the Senate. Applying probabilities to the various conceived scenarios resulted in a 40% change that the program continues in its current form in perpetuity. The report finds that a Democratic Congress would implement legislation that focuses on the policy’s missed environmental goals. Conversely, a Republican Congress would lead to the most uncertainty in the market due to competing views of the RFS within the program. With a narrow Republican majority, legislation that limits ethanol and advances the environmental goals could be achieved as a compromise between the two parties. As a hedge against federal regulatory uncertainty, state and local incentives for biodiesel are considered. Las Vegas, Nevada emerges as a top destination for a biodiesel producer.
Urban, Jacob, "The Future of the Renewable Fuel Standard" (2019). Syracuse University Honors Program Capstone Projects. 1092.
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Available for download on Sunday, June 28, 2020