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EU Gives Millions for Biofuel Research

by erin on Friday, July 13th, 2007

The European Union is planning on giving some of its $220 million international aid to countries that will invest in biofuel crop production and biofuel research. It’s part of their greater plan to reach their goal of increasing the types and amount of alternative energy being used in the EU, so that they can meet their carbon emission reduction targets.

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However, this plan is not coming up all green. EU Development Commissioner Louis Michel admits that turning land from food production to biofuel crop production could reduce food production and increase food prices.

The fact he acknowledges this problem is a big step and hopefully they will do something about it before it becomes a problem spot. However, kudos to the EU for aggressively approaching their carbon emissions goals.

via the independent

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