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July 08, 2008 EU to scale back Bio-fuel plans
Reacting to several recent studies which have shown bio-fuels contributing to the current world food crisis as well as deforestation and other climate change factors, the European Union is going to cut back drastically on its bio fuels production plans:
This won't be the end of bio-fuels but it may presage a more rational policy with regards to subsidies and other enticements that has taken so much arable land out of the food production business. Research into using other kinds of bio matter such as grasses and even food waste from garbage dumps that could be turned into methane are still being explored and may yet see a time when such enterprises could turn a profit - without government help. Until then, bio fuels are an expensive luxury that the EU now sees as untenable at its present production. |
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