Biofuels May Be Even Worse than First Thought

Discussion in 'Economy' started by Manuel, Jul 6, 2008.

  1. Manuel
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    Manuel *****

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    An internal report put together by the World Bank and leaked to the Guardian claims that biofuels may be responsible for up to 75 percent of recent rises in food prices. Even environmental groups haven't gone that far in their estimates.

    Rising food prices have pushed 100m people worldwide below the poverty line, estimates the World Bank, and have sparked riots from Bangladesh to Egypt. Government ministers here have described higher food and fuel prices as "the first real economic crisis of globalisation".

    President Bush has linked higher food prices to higher demand from India and China, but the leaked World Bank study disputes that: "Rapid income growth in developing countries has not led to large increases in global grain consumption and was not a major factor responsible for the large price increases."

    Secret report: biofuel caused food crisis | Environment | The Guardian
     
  2. dread
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    So much for the wave of the future.
     
  3. Ravi
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    Ravi Diamond Member

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    Arthur Daniel Midlands thanks you.

    Funny, people have been pointing this out for years and Bush has been lying about it all this time?

    LOL!
     
  4. MarlPot
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    MarlPot Rookie

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    Yeah has nothing to do with the fact that China only exported 1.16 million tons of grain in the first 5 months of the year, which by is 77% less then last year.
     
  5. AllieBaba
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    AllieBaba BANNED

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    Gee, I've been saying this for the last 2 years.
     
  6. Chris
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    Chris Gold Member

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  7. busara
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    busara wanasiasa wapumbava

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  8. AllieBaba
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    I don't think it's a good idea to start messing with the first level of the food chain. You think we have issues when we use CORN for fuel, I can't even imagine the repercussions of depleting algae.
     
  9. SpidermanTuba
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    Why don't we stop paying farmers to not grow corn then?
     
  10. AllieBaba
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    AllieBaba BANNED

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    People have a really limited understanding of farming subsidies.
     

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