Biofuels: Our Savior After All?
Jun 3rd, 2008 | By Contrarian Profits | Category: Featured, Financial NewsCould biofuels be our savior after all? This from Bloomberg:
Biofuels can boost incomes and yields for farmers, revitalizing impoverished rural areas when they are introduced in countries with secure land ownership, the International Institute for Environment and Development said.
By raising the price of crops such as corn and palm oil, biofuels can reduce poverty in countries with a high dependency on agriculture, the London-based researcher said in a report with the United Nation’s Food and Agriculture Organization.