Biofuel mandates like those in the European Union and Unites States should be abolished to ease pressure on food prices, a top Organisation for Economic Co-operation and Development official said yesterday (19 September). Meanwhile, industrialists condemned the European Commission’s proposal to limit biofuels, calling it “a masterpiece of irresponsible policymaking”.
Carmel Cahill, senior counsellor in the OECD’s Trade and Agriculture directorate, said the demand for biofuel is a leading factor in tighter markets for the main commodity crops, including wheat and maize, which are also used to produce fuel.
…Full Text: http://www.euractiv.com/cap/oecd-news-514884
Tags: food prices, sugar, energy, ethanol, biodiesel, global sustainability, agriculture, Common Agricultural Policy (CAP)
Source: EurActiv, 2012-09-20.