Biofuels make little environmental difference

New research from Australia and the OECD shows the benefits of biofuels in reducing greenhouse gas emissions are insignificant, at only one to four per cent.

A new Federal Parliamentary 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 with global subsidies of nearly 16 billion dollars going to biofuel production, governments need to reconsider if they’re worthwhile.

“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”, he says.

ABC (Aus)