OECD blasts EU biofuels rush

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Thread: OECD blasts EU biofuels rush

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    OECD blasts EU biofuels rush

    Europe is already giving up on biofuels.

    "Even in the 'best-case scenario', biofuels will only be able to achieve a 3% reduction in energy-related CO2 emissions by 2050, thus failing to reduce petroleum fuel consumption, states a new report by the OECD.
    The study, which is to be presented to ministers and government experts from the OECD's 30 member states on 11-12 September, adds that even this small benefit would come at a huge cost because "without subsidies, most biofuels cannot compete on price with petroleum products in most regions of the world".
    It explains that in the US, for example, around $7 billion is spent each year on support to ethanol, so that each tonne of carbon dioxide that is avoided in fact costs over $500 in taxpayers' money. In the EU, the cost could be up to ten times higher, add the authors.
    The report criticises current government policy bias towards biofuels, saying that subsidies and tariff-protection measures will drive land owners to divert land from food or feed production to the production of energy biomass, thereby driving up food prices.
    "As long as environmental values are not adequately priced in the market there will be powerful incentives to replace natural ecosystems such as forests, wetlands and pasture land with dedicated bio-energy crops," states the study, concluding that subsidies should be phased out - with the money reinvested in research on second-generation biofuels.
    The report deals a blow to the EU's recently-agreed goal of ensuring that biofuels represent 10% of all transport fuels by 2020 (EurActiv 11/01/07), arguing: "Current biofuel support policies place a significant bet on a single technology despite the existence of a wide variety of different fuels and power trains that have been posited as options for the future. National governments should cease to create new mandates for biofuels and investigate ways to phase them out, preferably by replacing them with technology-neutral policies such as a carbon tax. Such policies will more effectively stimulate regulatory and market incentives for efficient technologies," concludes the report."

    http://www.euractiv.com/en/transport...article-166628

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    Re: OECD blasts EU biofuels rush

    The OECD? You have got to be kidding. The sole purpose of the OECD is to take money from Europe and the United States and give it to third world countries mismanaged by despots. Please explain why the United States should care in the least what the OECD says.

    Yesterday I bought a loaf of Natural Ovens Organic Whole Wheat Bread for $2.99. It is made from wheat grown by American farmers, not illegal immigrants. It is made in a small town in my home state. If American-hating Mexicans can't afford their tortillas, or Communist Chinese can't afford their chickens, well that's the marketplace at work, isn't it.

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    Re: OECD blasts EU biofuels rush

    Oraganic food is great. Not only better for you and get rid of all the unnatural crap that is in our diets, but it also gurantees its coming from the USA, if not from local farms.
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    Re: OECD blasts EU biofuels rush

    Quote Originally Posted by HoosierRon
    If American-hating Mexicans can't afford their tortillas, or Communist Chinese can't afford their chickens, well that's the marketplace at work, isn't it.
    Actually if billions of subsidies are involved that's not the marketplace at work at all. Essentially these governments are driving up food prices artificially by paying farmers to not grow food.

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    Re: OECD blasts EU biofuels rush

    double post

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    Re: OECD blasts EU biofuels rush

    Quote Originally Posted by HoosierRon
    Yesterday I bought a loaf of Natural Ovens Organic Whole Wheat Bread for $2.99. It is made from wheat grown by American farmers, not illegal immigrants. It is made in a small town in my home state. If American-hating Mexicans can't afford their tortillas, or Communist Chinese can't afford their chickens, well that's the marketplace at work, isn't it.
    Only if you believe a socialist marketplace is best.

    This is going to end up being a big mess as usual when the government gets involved.

    "Germany is the EU's largest biodiesel producer, with production capacity rising from two million tonnes in 2005 to 3.2 million in 2006 and just over four million tonnes now.

    But Germany's government said it could not afford the loss of revenues as drivers switched from heavily taxed fossil diesel and started taxing biodiesel in August 2006. For a time high fossil fuel prices cushioned the impact of the new tax, but falling fossil fuel prices mean drivers now have no incentive to buy biodiesel.

    As vehicles consume more biodiesel than fossil fuels and need more engine overhauls, biodiesel must be cheaper, she said.

    "If the government further raises taxes on biodiesel in 2008 as it plans, the whole industry will close down," she said. "This would be a tragedy at a time we need biofuels to cut greenhouse gas."

    High prices for rapeseed oil, the main component of biodiesel in Germany, meant biodiesel was being produced at a loss.

    German investment in biofuels "has come to a stop", she said. But some projects have reached the point of no return and production capacity would rise to 4.8 million tonnes by the end of 2007"

    "UK OUTPUT DROPS

    UK biodiesel producers also have problems. Britain's largest biodiesel producer Biofuels Corp plc announced earlier this month that due to unfavourable market conditions it had restricted production to 25 percent of capacity in January and February and output would remain low for the immediate future.

    The company, which operates a 250,000-tonnes-a-year plant in north England, has seen its stock price fall to around 15 pence compared with over 200 pence in May last year."



    http://www.planetark.org/dailynewsst...1070/story.htm
    Last edited by bluecon; 10-20-2007 at 06:59 PM.

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