Biofuel Subsidy Pitfall: Carbon-Emitting Conversion Of Millions Of Acres Of Grassland
Friday, April 10, 2015 - 17:10
in Mathematics & Economics
In 2005, environmentalists got what they and former Vice-President Al Gore had lobbied for since the late 1980s; federal subsidies to commercialize biofuels. Mr. Gore later admitted that he was just endorsing biofuels to get corn belt votes for his presidential run and few academic scientists had publicly disagreed because, well, they voted for him.The result of the last corporate subsidy effort: Corn and soy growers have been happy, to be sure, but poor people got rising food costs and biofuels remain even more of a net penalty to the environment than regular gasoline. read more