POTENTIAL BIOFUEL SUBSIDY CUTS POSE RISK OF FOOD MARKET PRICE VOLATILITY
May 1st, 2012
BY MJ DESCHAMPS
EUROPE'S food producers have warned key commodity prices could become unstable should the European Union (EU) push ahead with plans to scrap policies promoting the production and use of key biofuels.
The European Commission has accepted scientific advice that palm-oil, soybean and rapeseed-derived biodiesel generate as many carbon emissions as fossil fuels because the cultivation of their feedstocks promotes the clearance of virgin land, including rain forest.
And this is likely to end duty reductions, subsidies and minimum biofuel content rules ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.