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The Bounty of Biofuels - Perception versus Reality
In the flood of media attention that biofuel technologies have received, it's difficult to distinguish the facts from the fanfare.
Biofuels have been hailed as a panacea that will arrest global climate change, ensure energy security, and turbocharge agricultural economies. They have also been denounced as a scourge by some critics who claim they will do more harm than good to the environment and are not economically sustainable absent government protection. These critics maintain that biofuels drive up food prices while consuming already scarce water resources in populous areas such as India and northern China. In this article, we will dispel some of the misperceptions regarding biofuels while illuminating the emerging realities, to facilitate a sensible discussion of next steps.
Booz Allen Hamilton's Bill Jackson, Leslie Moeller, Eric Spiegel, and Praneet Gupta are the authors of "The Bounty of Biofuels – Perception versus Reality".
study posted March 21, 2008
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