I recently became acquainted with an arcane language containing symbols like RFS, RINs, eRINs, RVOs, WTE, RNG, even HBIIP. It is spoken by groups with their own esoteric names, such as RFA and ABFA and WTEA.
There is a reason for this obscurity: This is the language of lobbying for the multi-billion-dollar “renewable fuel industry (RFI).” These speakers don’t want you to know much about them except when they make public announcements like: “lower-cost, lower-carbon ethanol fuel blends are better for the environment and the family budget.”
I’m going to share some of the 50 years of history of this renewable fuels lobbying. My purpose is to explain two ideas that help me understand political history. One is the economist’s notion of concentrated benefits vs. dispersed costs. Another is the “bootleggers and Baptists” coalition identified many years ago by economist Bruce Yandle. [1]
While I am singling out one big (and burgeoning) industry, that is because I have been examining it for my environmental blog, and I have more details there (including definitions of most of the terms identified above). But there are plenty of other similar stories (start with sugar and cotton) .
