11 Billion in Biofuel Aid Called Ineffective at Cutting CO2

Posted on July 17, 2008. Filed under: Uncategorized |

Bloomberg: The U.S., Canada and the European Union’s combined $11 billion in annual subsidies for plant- derived fuels does little to reduce carbon-dioxide emissions, the Organization of Economic Cooperation and Development said. The greenhouse gas released by cars, trucks, airplanes and ships “at best” will decline 0.8 percent by 2015 in those regions with the help of aid programs, Stefan Tangermann, the Paris-based group’s director for trade and agriculture, said today at a briefing in ..Link

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