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July 13, 2008

World Bank: biofuels causing food crisis

From the hard left Guardian:

...Biofuels have forced global food prices up by 75% - far more than previously estimated - according to a confidential World Bank report obtained by the Guardian.

The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body.

The figure emphatically contradicts the US government's claims that plant-derived fuels contribute less than 3% to food-price rises. It will add to pressure on governments in Washington and across Europe, which have turned to plant-derived fuels to reduce emissions of greenhouse gases and reduce their dependence on imported oil...

I wonder how long it'll take to undo this biofuel clusterfuck? Will it ever be undone, or will we just barge ahead thinking we can make it work by just doing more of something.

posted by Purp at 04:12 PM

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The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body. The figure emphatically contradicts the US government's claims that plant-derived fuels contribute less than 3% to food-price rises. It will add to pressure on governments in Washington and across Europe, which have turned to plant-derived fuels to reduce emissions of greenhouse gases and reduce their dependence on imported oil... I wonder how long it'll take to undo this biofuel clusterfuck? Will it ever be undone, or will we just barge ahead thinking we can make it work by just doing more of something. posted by Purp at 04:12 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments It's me donna : "371 it's me donna, that saved a lot of hair on fir ..." SMOD: "ADP Signals Best Job Gains In Almost 4 Months, As ..." Taylor: "Morning, 'rons and 'ronettes. 50 sunny degrees her ..." Ben Had: "it's me donna, that saved a lot of hair on fire. ..." 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