In addition to making the world safe from the evil pollutant CO2 (that substance that plants actually require for photosynthesis), biofuels are raising economic standards in agricultural areas.
LONDON (AFP) - Biofuels have caused world food prices to increase by 75 percent, according to the findings of an unpublished World Bank report published in The Guardian newspaper on Friday.
The daily said the report was finished in April but was not published to avoid embarrassing the US government, which has claimed plant-derived fuels have pushed up prices by only three percent.
Biofuels, which supporters claim are a "greener" alternative to using fossil fuel and cut greenhouse gas emissions, and rising food prices will be on the agenda when G8 leaders meet in Japan next week for their annual summit.
Not that I buy everything produced by World Bank analysts, but it does fit the laws of supply and demand. Just so we're clear, this global warming seems more than a bit anemic over the last dozen or so years, and the lack of correlation with CO2 levels is noticeable to even the untrained eye.
Hi, was wondering if you'd like to exchange links with me?
If yes, please leave your blog url as a comment at:
http://bigmoneylist.blogspot.com/
I'll link to you first, then when you have time link back k?
Thanks, Michael
BTW--I'm michaelwong38 on digg. If ever you want something dugg, just send me a shout anytime
Posted by: michael wong | Jul 04, 2008 at 03:52 PM