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Alternative Fuels Update

Source: Opec 5/15/2008, Location: Europe

Europeís recent biofuel subsidy initiative has resulted in a shortage of food commodities which, in turn, forced the EU to relax its laws and let farmers increase cultivation. This movement not only led to food price increases both in Europe and in Asia but also caused environmental problems.

Due to the hike in food prices, some biodiesel plants, which were believed to be a main driver behind the rise in food price, decided to freeze their production due to the sharp increase in raw materials and a switch to other activities. These developments have pressured the EU to re-analyze its biofuel plans. The EU is not only seeking this path because of the food shortage, but also because of the accusation that biofuel is not as environmentally friendly as was assumed earlier.

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Related Categories: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 

Related Articles: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 


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