Biofuels and the IMF: Can Three Producer Nations Save the Global Economy?
by Joelle Dent (Biofuels Digest Asia) …The new boss, acting in the in the person of Brazil, has already wrought what most would consider a miracle by bringing India and Pakistan to the peace table after more than sixty years of overt and covert warfare. How? Following a series of disastrous floods in Pakistan’s Indus Valley, other nations reluctantly donated money while Brazil worked on the ground with its science and technology partner India to help Pakistan rebuild its sugar cane and other agricultural industries. Now India and Pakistan are meeting regularly on a plan to reduce flooding in the Indus Valley, and Brazil is providing equipment, technical expertise and financing to fast-track the growth of Pakistan’s ethanol industry.
…The BRICs want to replace the old boss, or at least reform it along their own currently more successful lines. They want seats at the top table in return for their money, and a more friendly EU attitude toward biofuel imports would certainly help things along, especially in light of recent revelations that the EU’s biofuels policy was not science based, but rather imposed on the European Commission by a coalition of two powerful industry lobbies: the EU sugar producers association, and the car industry lobby, which incidentally was against regulation of C02 emissions. READ MORE and MORE (The Malaysian Insider) and MORE (EurActiv)