Friday, July 4, 2008

World Bank Report April 2008: Biofuels Increased Food Prices 75%

Is the World Bank working for George Bush?


The Guardian has a leaked copy of a World Bank study that finds biofuels to be the biggest culprit in global food price increases. This finding will not only feed calls to scrap biofuels (save perhaps those derived from sugar) but may lead to a recognition that resource challenges cannot be pursued in isolation. In particular, food, water, and energy scarcity are interconnected problems and need to be addressed on an integrated basis. It also disputes the claim that increased consumption of meat in developing economies played a significant role in food price inflation.

A potentially inflammatory element is that the report was completed in April and allegedly deep-sixed so as not to discomfit President Bush..."

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