redOrbit: US biofuel policies will fail to achieve the intended environmental, energy and agricultural goals, warns an article in the journal Applied Economics Perspectives and Policy (AEPP). “A key feature of biofuels policy is the combination of mandate and subsidies that cause severe adverse effects,” said Harry de Gorter, co-author of the article and Professor in the Department of Applied Economics and Management at Cornell University. “The analysis of biofuel policies is shown to be unique …