G8 to announce biofuels plan for the developing world

The long-awaited G8 Summit of industrialised nations being hosted by Russia later this week will announce a major plan for the creation of a biofuels industry in the developing world – Brazil’s national news agency, the Agencia Estado, tells us.

The idea comes from President Lula and President Chirac, who recently signed a bioenergy cooperation agreement which focuses on helping the poor South to become a biofuels production zone (earlier post). Chancellor Merkel whose country hosted a Brazil-Germany Bioenergy Summit last week, favors the idea as well.

And PM Tony Blair, whose G8 Summit last year focused on Africa’s development but which failed to live up to its promises according to critics, is now joining the push for this new deal.

More at BioPact.