June 24, 2008 :: Joseph Eugene Robertson :: One Comment
The New Scientist magazine this week heralds a ‘plan B for biofuel’, making the case that starch-based ethanol fuels, like corn ethanol in the US, may drive up food prices, but a new generation of biofuels will sidestep the problem and help ethanol live up to its promise. “The corn required to fill an SUV tank with bioethanol just once could feed someone in Africa for a year” reports the UK-based magazine, but most biomass is not the starch currently being used to create bioethanol.
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June 24, 2008 :: Joseph Eugene Robertson :: One Comment
Corn-ethanol, long a fascination for US politicians and for the farm lobby that courts their support for ethanol subsidies, may play some role in remediating the economic fallout of soaring gasoline prices, though it seems unlikely, for a number of reasons. First and foremost is the fact that the numbers work against us: in order to produce more corn-ethanol, we must divert cropland destined for food production to fuel production, and that has a severely negative impact on the availability and affordability of corn for human consumption.
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June 23, 2008 :: jr3o :: No Comment Yet
A fast-unfolding food shortage is engulfing the entire world, driving food prices to record highs. Over the past half-century grain prices have spiked from time to time because of weather-related events, such as the 1972 Soviet crop failure that led to a doubling of world wheat, rice, and corn prices. The situation today is entirely different, however. The current doubling of grain prices is trend-driven, the cumulative effect of some trends that are accelerating growth in demand and other trends that are slowing the growth in supply.
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June 18, 2008 :: Joseph Eugene Robertson :: 2 Comments
The International Energy Agency has called for a major increase in the price at which carbon emissions are traded in carbon-offsetting schemes designed to reduce emissions. The IEA, as reported by the Financial Times, has called for carbon offsets to be priced closer to $200 per ton, in order to bring carbon-trading schemes in line with the costs of reducing emissions. EU carbon offsets are currently priced at roughly $43 per ton.
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June 10, 2008 :: jr3o :: No Comment Yet
On the same day that oil futures jumped a record $10.75/barrel, gaining 8% in one day, the US Senate voted on major carbon-capping legislation that would reduce US carbon by 66% by the year 2050, the International Energy Agency proposed drastic increases in the cost of carbon offsets, designed to reduce the overall amount of carbon emissions in a given market, through trading.
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