The Perfect Balance? Biofuels vs Food Prices.
Biofuels are transportation fuels, made from biomass materials such as agricultural, animal, industrial, forest, solid waste, and sewage. It is a renewable form of energy. Since the 20th century, concerns regarding climate change, increasing oil prices have brought our attention towards finding efficient renewable fuel sources. Some developed countries like Norway, Iceland, Sweden, Netherlands have already shifted to plug-in electric vehicles. There has been a surge in the production of biofuels in Europe and the US since the early 2000s. Although, Biofuels can be a far better option for many developing countries , as switching to plug-in electric vehicles from an already existing fleet of combustion-engine run vehicles isn’t plausible in the near future. Biofuels are a practical option, Brazil is already working with E85 (85% ethanol blending into petrol and diesel) fuel, initially starting with E22 after the federal law was passed in 1993. But fears are that increased usage of crops ...