Biofuels subsidies at root of carbon dioxide problem

Subsidies for biofuels in the UK could be much better spent in environmental terms by helping the developing world cut back on the generation of carbon dioxide from deforestation and using unsustainable fuels such as peat, according to the Policy exchange in a report The Root of the Matter. The report calls for better valuation processes to reflect the intrinsic worth of forests to capture carbon dioxide across the world.

Sounds nice but the forest and third world lobbies pale into insignificance with the fuel and farming lobbies which have secured good subsidies and negligable cost to individual consumers.

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