World Bank's Dirty Little Secret: Biofuels Make the World Hungrier — By 75 Percent

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onJul 8, 2008 @ 08:24 PDT

Biofuels have forced global food prices up by 75% – far more than previously estimated – according to a confidential World Bank report obtained by the Guardian. The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financialย body.

The figure emphatically contradicts the US government’s claims that plant-derived fuels contribute less than 3% to food-priceย rises.

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