Alleviation of bioetanol fever by OECD

The rush to promote biofuels such as ethanol and biodiesel is pushing up food prices and actually damaging the environment, a report from the Organization for Economic Co-operation and Development says.

 Governments should stop subsidizing the current generation
of biofuels – such as corn-based ethanol – and put more money into researching
more advanced technologies, the report said.
"The current push to expand the use of biofuels is
creating unsustainable tensions that will disrupt markets without generating
significant environmental benefits," says the report.