Governments need to scrap subsidies for biofuels, as the current rush to support alternative energy sources will lead to surging food prices and the potential destruction of natural habitats, the Organisation for Economic Co-operation and Development will warn on Tuesday.
The OECD will say in a report to be discussed by ministers on Tuesday that politicians are rigging the market in favour of an untried technology that will have only limited impact on
The survey says biofuels would cut energy-related emissions by 3 per cent at most. This benefit would come at a huge cost, which would swiftly make them unpopular among taxpayers.
The study estimates the US alone spends $7bn (€5bn) a year helping make ethanol, with each tonne of carbon dioxide avoided costing more than $500. In the EU, it can be almost 10 times that.
THE ABOVE STATEMENTS ARE THE KNIVES CUTTING THE JUGULAR VEIN OF BIOFUELS. THE U.S. WILL PAY MORE THAN $500.00 PER TONNE OF CO2 AVOIDED WHILE MAKING ETHANOL.
The end result will be billions spent, no noticeable effect on global warming (MAN CANNOT CHANGE THIS), higher prices for food and destruction of natural habitats, not including the extra fuel and fertilizers will be used and just plain wasted for the amount of return they will offer.
WE HAVE OIL ALL OVER THE PLACE. WHEN DO WE START DRILLING???? WAKE UP FOLKS, BIOFUELS ARE GOING TO BE A NIGHTMARE AND THE HORRORS HAVE JUST STARTED. WHO'S GONNA PAY FOR ALL THE WASTE FROM THESE FUELS WHEN THE FEDS DROP THEIR KICKBACK PER GALLON FOR THE BIOFUELS AND THE PRODUCERS WANT TO BAIL OUT BECUASE THEY WILL LOOSE MONEY WITHOUT THE KICKBACK???
Waco Chemical and Supply Co., perserving the environment through chemical recycling and WACO EARTHKLEEN AND ECOSMART chemical products.