Monday, January 14, 2008

Unintended Consequences of Mandating Biofuels

And yet… America rushes down this road with great abandon.

Europe’s environment chief has admitted that the EU did not foresee the problems raised by its policy to get 10% of Europe’s road fuels from plants.

Recent reports have warned of rising food prices and rainforest destruction from increased biofuel production.

The EU has promised new guidelines to ensure that its target is not damaging.

EU Environment Commissioner Stavros Dimas said it would be better to miss the target than achieve it by harming the poor or damaging the environment.

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Posted by Owen at 0800 hrs
Foreign Affairs + Politics + Politics - General + Technology