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Document type: article
This article elucidates some of the main controversies over biofuels and their impact on global development. Fossil fuel reserves are being depleted. Volatile oil prices are wrecking economic havoc worldwide. Oil rents are supporting dictators, and fuelling conflicts. And carbon emissions from the use of fossil fuels represent one of the biggest threats to future welfare. In light of these concerns it is perfectly sensible to reduce our addiction to fossil fuels, and diversify our energy portfolio by promoting the use of renewable energy sources. One such energy source is biofuels. On the other hand, biofuels unlikely to be able to mitigate price volatility on energy markets or the greenhouse effect. Nor do they offer an unambiguous strategy for agricultural development.
© 2009 IDP. This article has been licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 Unported license.
Environment and Natural Resources