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Global Subsidies Initiative
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The biofuels industry is witnessing unprecedented growth in the United States, driving agricultural commodities prices to record levels and sparking a host of environmental and economic concerns. This expansion is far from imputable wholly to market forces; rather, federal, state and municipal jurisdictions have been instrumental in driving up both the production and consumption of biofuels through sizeable subsidies and other incentives. This report revises an earlier report issued October 2006 and details the extent of current government support to biofuels in the United States. The report also analyzes the potential impact of forthcoming legislation, namely the Energy and Farm Bills, which are poised to expand government support even further.
