I have pointed out for some time now that so-called biofuels are an environmental and economic disaster. Now The Guardian, of all places, reports on a leaked report they have obtained. The report, from the World Bank, says that the biofuels craze has driven the cost of food up by 75%.
Biofuels have forced global food prices up by 75% - far more than previously estimated - according to a confidential World Bank report obtained by the Guardian.
The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body.
The figure emphatically contradicts the US government's claims that plant-derived fuels contribute less than 3% to food-price rises. It will add to pressure on governments in Washington and across Europe, which have turned to plant-derived fuels to reduce emissions of greenhouse gases and reduce their dependence on imported oil.
Senior development sources believe the report, completed in April, has not been published to avoid embarrassing President George Bush.
"It would put the World Bank in a political hot-spot with the White House," said one yesterday.
It isn't the White House, really. It is Congress and European governments that have driven this madness. (No, I am not letting the White House off the hook, either.) Biofuels are nothing more than a grossly inefficient energy transfer scheme - and a way for vested interests to make huge profits off the backs of the people.
There have been many voices raised against the insanity of biofuels, but Europe and the United States keep blindly riding the biofuel bandwagon.
"Without the increase in biofuels, global wheat and maize stocks would not have declined appreciably and price increases due to other factors would have been moderate," says the report. The basket of food prices examined in the study rose by 140% between 2002 and this February. The report estimates that higher energy and fertiliser prices accounted for an increase of only 15%, while biofuels have been responsible for a 75% jump over that period.
Speculators and special interests are making things worse. It has never been easier to rape the planet than it is today. Just say you're "saving the planet" and you have a license to destroy. The human cost of biofuels is too high. It is time to stop this madness.