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UN food expert wants halt to biofuel investment
Geneva (AFP) May 22, 2008 New investments and subsidies favouring the production of biofuels should be frozen in an effort to curb food price rises, the United Nations' new independent expert on the right to food said Thursday. Such a move could send a strong signal that the price of food crops will not keep rising, and thus halt speculation, Olivier De Schutter told a special UN Human Rights Council session on the global food crisis. He also suggested regional or global coordination in setting up grain reserves as a mechanism to curb food commodities speculation. In remarks that echoed those of Jean Ziegler, his outspoken predecessor as special rapporteur, De Schutter called biofuels a "major factor" contributing to food price inflation, as their production saps scarce arable land. He pointed to a study estimating that an extra 100 million hectares (247 million acres) of land would be needed in order for agrofuels to make up five percent of worldwide fuels by 2015. This, he said, would be "simply not sustainable". He described as "unrealistic" a US plan to require fuel producers to use at least 36 billion gallons (136 billion litres) of biofuel in 2022 and an EU target of biofuels meeting 10 percent of transport energy demands by 2020. "By abandoning them (the targets), we would send a strong signal to the markets that the price of food crops will not infinitely rise, thus discouraging speculation on commodity futures," he said. "I have therefore proposed a freeze on all new investments and subsidies favouring the production of fuel by growing crops on arable and non-degraded lands, when such lands are suitable for the production of food crops." De Schutter also noted the volatility in the commodities market, saying that measures were needed to "discourage such speculative pressures on the prices of food commodities". He gave as an example the setting up of grain reserves, coordinated at regional or global levels, as a way to curb speculation. Global food prices have nearly doubled in three years according to the World Bank. Soaring oil prices have injected a lethal mix to the problem, as they make transporting food more expensive. But overall, it is trade restrictions, poor growing weather and rising use of biofuels that rely on staples like corn (maize) that have been blamed for food price inflation. Biofuels are derived from food produce such as corn, soybeans and sugarcane, and plants such as switch grass and their cellulosic waste. In response to global warming, industrialised countries have moved to promote such fuels as a greener alternative to traditional fossil fuels. Higher oil prices have meanwhile given impetus to consumers to embrace biofuels. In recent months, however, biofuels have come under fire for taking up arable land that could be used to grow food -- thereby contributing to a shortage in produce and, in turn, higher food prices. Related Links Bio Fuel Technology and Application News
Analysis: Farm bill hikes biofuels funding
Washington (UPI) May 22, 2008 The farm bill passed last week by Congress, and promised a veto this week by President Bush, gives a big boost to the renewable fuels industry. |
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