Ted Turner: biofuels

Very important news. Earlier we hinted at the fact that biofuels might revive the collapsed WTO trade negotiations known as the Doha Development Round which is aimed at creating a global trade regime that is more fair to the developing world. No major news source however looked at this potential role of biofuels in the negotiations. As we have written on numerous occasions, our mission at the Biopact is to make the case that it is time to get rid of EU/US agricultural subsidies and trade barriers (which are the cause of the deadlock), and to open the market to biofuels produced by developing countries. The resulting ‘win win’ situation would bring millions of jobs to the world’s poorest, cut their energy bill, increase energy security in the West, bring the EU/US abundant and competitive biofuels (unlike their own which need subsidies) and bring a more equitable distribution of capital and wealth on a global scale.

Now CNN/AOL Time Warner boss Ted Turner thinks biofuels are indeed the key to resolve the deadlocked trade negotiations and he sums up the exact same reasons as we have been doing here. He urges negotiators to save Doha, using bioenergy as the lever.

Biopact.com