Worldwide Biofuels Production Guidelines Set by G8-Led Group of Nations

Business News/Analysis, International, Policy, Sustainability

May 24, 2011

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by Jim Efstathiou Jr. (Bloomberg) The U.S. and China led 23 nations in agreeing on the the first guidelines for producing biofuel from crops such as palm oil, an agricultural commodity used for cooking and to make detergents as well as fuel.
The Rome-based Global Bioenergy Partnership today released a voluntary policy for producing and using biomass and biofuels in ways that don’t add to climate change or affect food prices. The partnership, established in 2005 by the Group of Eight nations and five emerging economies, also includes 13 international organizations and institutions.
…The partnership developed 24 indicators to assess the sustainability of biofuels based on greenhouse-gas emissions, biological diversity, the price and supply of a national food basket, access to energy, economic development and energy security. The indicators don’t include thresholds or limits and don’t constitute a standard, according to a statement by the group. READ MORE and MORE (Global Energy Partnership) Sustainability Indicators

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