The Renewable Fuel Standard (RFS) established by the Energy Policy Act of 2005 and extended by the Energy Independence and Security Act (EISA) of 2007, mandated U.S. transportation fuel to blend minimum volumes of renewable fuels every year to reduce greenhouse gas (GHG) emissions, expand the U.S. renewable fuels sector, and reduce dependence on imported oil. The statute only stablished volume targets through 2022. The mandate started at 4 billion gallons in 2006, which increased to 36 billion by 2022[1]. Tradeable...