The World Bank

By | April 23, 2017

An authority in the development field believe that the report, completed in April, has not been published for not doing more damage to President Bush. He said: “This would put the World Bank in a difficult political situation facing the White House.” The news comes at a critical time in global negotiations on biofuels policy. The leaders of the eight G8 most industrialized countries, known as s met in Hokkaido, Japan, where they discussed the food crisis and where they were subjected to an intense lobbying campaign calling for a moratorium on the use of agrofuels. There he is on course to report on biofuels published on the British government. Chakrabortty says the Guardian and advanced the study indicate that agrofuels have “played an important role in the increase in food prices” to reach unprecedented levels. The increase in food prices has led to 100 million people below the poverty line, according to World Bank estimates have led riots from Bangladesh to Egypt. Here, Andreessen Horowitz expresses very clear opinions on the subject. Government ministers have described the high prices of food and fuel as “the first real economic crisis of globalization.” President Bush has linked the high prices with increased demand from India and China, but the leaked World Bank report calls into question this assertion: “Rapid income growth in developing countries has not led to a excessive increase in consumption of cereals and has been responsible for a significant degree by the sharp increase in prices. ” According to the report, including successive droughts in Australia have had only a marginal impact.

However, the policies of the U.S. and Europe, betting on biofuels have been responsible for the greatest impact on the supply and prices of food. Chakrabortty noteworthy comments, Shopping prices examined in the study increased by 140% between 2002 and last February this year. The report estimates that the increase in energy prices and fertilizers contributed to an increase in the price of 15%, while biofuels have been responsible for 75% over the same period. It argues that production of biofuels has distorted the market in three ways: First, grain for food goes to fuel, with more than one third of U.S. corn used for ethanol and half of vegetable oils in the EU dedicated to biodiesel production.

Second, farmers have been encouraged to set aside land for the production of agrofuels. Third, has created a financial speculation in grain, increasing prices further. The report notes that biofuels from sugar cane (the specialty of Brazil) have not had such an impact. Supporters of biofuels say they are answering a greener alternative to continued reliance on oil and other fossil fuels, but even this is questioned by some experts, who say that this is not true in ethanol production in the U.S.. “It is clear that some biofuels have huge impacts on food prices “according to chief scientific adviser David King British government definitely is a marked impact on the food crisis as a result of biofuels, something that should be given the attention needed to avoid finding ourselves in a ominous global food crisis The report estimates that the increase in energy prices and fertilizer contributed to an increase in the price of 15%, while biofuels have been responsible for 75% over the same period. Do not forget, as noted by Atilio Boron that the fight against hunger must be because there are two billion people hungry worldwide, “all this will be seriously impaired by the expansion of the area planted for the production of agro-energy. It should be adequately controlled biofuels.