Long-Term Biofuel Industry Growth Remains Strong

biofuel industry
Biofuels are made from living matter, plant or animal, and are strongly favored by agricultural interests because of the large boost they bring to domestic farms. Most U.S. biofuels is made from corn (ethanol) or soybeans (biodiesel), although several unusual fuel sources are emerging, including algae and oil waste from deep-frying of foods. The biofuels industry experienced meteoric growth in 2005, 2006 and early 2007, but then it began to slow because of high feedstock prices. Private investment in biofuels finished off 2007 at $2.1 billion, according to ‘Global Trends in Sustainable Energy’, a report by New Energy Finance and United Nations Environmental program. (more…)

Environmental Groups Ask UN to Ban the Growing of Biofuels

environmental growing biofuels
In Bonn met world leaders at the UN Conference on Biodiversity. As we here at The Green Blog world’s biodiversity is seriously threatened due to human action, and that is why the Alliance for the Convention on Biological Diversity called for a total ban on crops for production of biofuels. (more…)