Biofuels do little environmental good
February 5th, 2008 by Jim JustNew research from Australia and the OECD shows the benefits of biofuels in reducing greenhouse gas emissions are insignificant, at only 1 – 4%. And a new report shows there’s also no economic case for mandating the level of ethanol in fuel.
OECD trade and agriculture analyst Martin von Lampe says:
“Governments around the world are putting a lot of hope in a number of areas on biofuels and it seems that many of these hopes are only partially justified. The environmental benefits are much less than they were assumed to be, the savings in fossil energy are much lower than they were thought to be, and, at the same time, the support to biofuels is relatively costly.”