By diverting grain and oilseed crops from dinner plates to biofuels, world is confronting a dangerous new bubble called food inflation. (What Is Inflation? - explained here)

Rice, wheat and corn - the price of the world’s three main grains, have all more than doubled in the past year.

• The grain it takes to fill an SUV tank with ethanol could feed a person for a year.
• By diverting grain and oilseed crops from dinner plates to fuel tanks, biofuels are jacking up world food prices and endangering the hungry.
• An explosion in demand for farm-grown fuels has raised global crop prices to record highs.
• Brazil now ranks fourth in the world in carbon emissions, and most of its emissions come from deforestation.
• Studies show the biofuel boom is doing exactly the opposite of what its proponents intended: it’s dramatically accelerating global warming, imperiling the planet in the name of saving it.

Full article at TIME - The Clean Energy Scam

Published on 02 Apr 2008 | Economy & Policy| Environment| Life Style

Tags :brazil, carbon emissions, clean energy, crop prices, ethanol, global crop, global warming, myth, oilseed crops, what is inflation, world food prices

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