During the past decade, production of biofuels has gained momentum largely due to policies and mandates aimed at addressing energy security and climate change. A number of concerns, however, remain the subject of an on-going debate. These include: (1) the effectiveness of first generation biofuels (such as corn ethanol) in addressing climate change, (2) the effect of delays in the announcement of annual biofuel mandates, and (3) whether biofuels continue to provide an attractive option for energy security. 

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