Biofuels policies drive up food prices, say over 100 studies
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Europe’s biofuels policies do increase global food prices. That’s the wide scientific consensus, according to a review of more than 100 economic modelling studies of the impact on food prices from increased demand for biofuels made from food crops. Increased demand for biodiesel has driven the price of vegetable oils in the EU, such as rapeseed, palm oil, soy and sunflower, up 171% per exajoule (EJ) of biodiesel produced, according to the analysis by consultancy
Europe’s biofuels policies do increase global food prices. That’s the wide scientific consensus, according to a review of more than 100 economic modelling studies of the impact on food prices from increased demand for biofuels made from food crops. Increased demand for biodiesel has driven the price of vegetable oils in the EU, such as rapeseed, palm oil, soy and sunflower, up 171% per exajoule (EJ) of biodiesel produced, according to the analysis by consultancy Cerulogy for BirdLife Europe and T&E.
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