EPA's 2014 proposed rule for the Renewable Fuel Standard, which would for the first time cut biofuel use, will require using more petroleum and increase emissions of greenhouse gases. BIO utilized GREET1.2013 model to estimate changes in petroleum demand and associated CO2 equivalent emissions from both 2013 and statutory RFS levels for 2014. According to estimates, EPA proposal will result in an increase of more than 23 million metric tons of carbon dioxide equivalent emissions.
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