Biofuels and food prices: Running the numbers
Clean-energy research firm New Energy Finance has waded into the "food versus fuel" debate and finds that oil is a bigger factor in rising food prices than biofuels.
New Energy Finance, which will release its report Tuesday, also finds that changing food patterns around the world, growing population, and rising input costs, such as fertilizers, are contributing to upward pressure on food prices.
Biofuels production, too, is contributing to food price inflation, but New Energy Finance said that is "far from the dominant factor." It found that areas where biofuel productions have had a significant impact … Read more