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Schwarzenegger Attacks Ethanol Tariffs, Subsidies
By Mr Ethanol | May 21, 2007
Planet Ark:
California Gov. Arnold Schwarzenegger said Friday he wants markets to set policies on low carbon fuels, and called for eliminating subsidies and tariffs related to ethanol.
“We need to take down the barriers we have created,” Schwarzenegger said at a symposium on low carbon fuels at the Lawrence Berkeley National Lab in Berkeley, California.
The United States, he said, subsidizes domestic corn-based ethanol and imposes a 54-cents-per-gallon tariff to limit cheap ethanol imports from Brazil.
“It makes absolutely no sense. It’s crazy, and it’s definitely not in the best interest of the customers,” said Schwarzenegger.
Brazil, which uses sugar-based ethanol, is the No. 2 producer of the biofuel after the United States and its corn-based fuel.
He did not offer specific alternatives to the tariffs and subsidies, but said the market should be allowed to come up with the best solutions after targets are set by governments like California’s.
“We set the targets. The market decides how best to get there,” Schwarzenegger said.
The booming US ethanol production has increased corn costs and in turn feed costs for chickens, hogs and cattle. The result is a US$47-per-person increase since last July in the average US grocery bill, a study issued last week by Iowa State University found.
US fuel ethanol gets a 51-cents-per-gallon tax subsidy. More.
Topics: Ethanol Prices, News, Positives |
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May 22nd, 2007 at 5:25 am
Good to see that the Govenator is taking the only long tgerm sustainable line about the US biofuel subisidy and tariff protection of American farmers. There’s more on this at the Big Biofuels Blog.