The Cost of Biofuels

Biofuels have caused a 75 per cent increase in world food prices, a new report suggests.

According to reports last night, a confidential World Bank document indicates the true extent of the effect of biofuels on prices at a crucial time in the world\’s negotiations on biofuel policy.

The report says: "Without the increase in biofuels, global wheat and maize stocks would not have declined appreciably and price increases due to other factors would have been moderate."

Aren\’t we lucky to have those clever people in Brussels picking technological winners for us?

My word, so lucky.

5 thoughts on “The Cost of Biofuels”

  1. Oxfam seem intent on suppressing and ignoring the strong evidence that NGOs are a major factor in hyping up climate change & encouraging the adoption of loony policies like the EU’s 10% biofuel & 15% non-nuclear renewable by 2020.

  2. Plus, next generation biofuels are just around the corner. All the investment in current technology will be a waste.

  3. Zimbabwe being destroyed is probably far more of a factor here for African food shortages — it used to be the breadbasket of Africa, now it imports food.

  4. I visited the Eden Project in Cornwall last autumn. Nice day out but full of contentious preachy stuff including – at the time – the finger-wagging admonitions and puffery re: biofuels.

    Wonder what they’ve done with all their old information for visitors…

    According to their document here:

    http://www.edenproject.com/documents/EdenAnnual_Review_0607.pdf

    ‘the Eden Project is the
    fi rst place in the UK to run its tractors on EU standard EN 14214
    100% Biodiesel’

    and that’s good why?

  5. I can remember when BP had a process for manufacturing protein from crude oil; it was to cope with the surplus of crude and the imminent shortage of fishmeal.

Leave a Reply

Your email address will not be published. Required fields are marked *