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Biofuel Backlash

thomko_logo_image.jpgAddressing ongoing food riots around the world — in places as disparate as Haiti, Egypt, Indonesia, and Pakistan — has shot to the top of the World Bank's crisis agenda.

International leaders met last weekend to discuss spiking commodity prices — up 40% in 2008 — and to ring the alarm for international aid. Heeding the call, President Bush released $200 million in food aid on Tuesday.

The grave situation, felt most acutely in the developing world, has been fueled by several factors. The world population continues to grow while arable land mass decreases; more land is being cultivated for biofuels, not crops; and a changing climate has disrupted traditional growing patterns. (CN)

Read Fuel Choices, Food Crises and Finger-Pointing
http://www.nytimes.com/2008/04/15/business/worldbusiness/15food.html?ref=world

 

Posted on Tuesday, May 13, 2008 at 05:35PM by Registered Commenter[Your Name Here] in , , , | CommentsPost a Comment

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