Going Green

Monday, January 14, 2008

EU Has Second Thoughts on Biofuels Mandates

The EU is having second thoughts about the wisdom of biofuels mandates. As in most politically motivated decisions, we will likely see a pendulum effect -- i.e. go to far one way and then overreact and go to far the other way, etc. When they examine the economic impact on poor people, I hope they look at the overall potential for raising living standards for those who are producing the biofuels. I also hope they look at the jobs created. It's a complicated mess no matter how you look at it -- something about the "law of unintended consequences...."

EU to toughen environment criteria for biofuels

By Paul Taylor

BRUSSELS (Reuters) - The European Union is to set tougher environmental criteria for biofuels after acknowledging that the drive for transport fuels produced from crops has done unforeseen damage, the European Commission said on Monday.

Environment Commissioner Stavros Dimas said in a BBC interview the EU had initially underestimated the danger to rainforests and the risk of forcing up food prices from its policy of setting binding targets for the use of biofuels.

"We have seen that the...(complete article here).

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