EU Biofuel Aid ‘Inflates Food Cost’
(Belfast Telegraph) European Union support for biofuel production could force the price of food crop staples up by as much as 36% by the end of the decade, a report has warned.
Development charity ActionAid warned that the allocation of ever-growing acres of farmland to producing crops for fuel was already a “major contributor to world hunger” and could make the problem worse in the years to come.
…ActionAid urged leaders including David Cameron to rethink Europe’s mandatory target of 10% renewable energy in transport by 2020, which has made the EU the world’s biggest producer and consumer of biodiesel.
In a report, the charity cited estimates that EU biodiesel use could push oil seed prices up by as much as 20% and vegetable oils 36% by 2020, while EU ethanol consumption could lift maize prices by 22% and sugar by 21%. READ MORE and MORE (ActionAid)