Ethanol Use Creates a Spike in Global Food Prices

Ethanol Use Creates a Spike in Global Food Prices: "At the turn of the 21st century, biofuels appeared to be a solution to mounting concerns over greenhouse gas emissions, climate change, skyrocketing fuel prices and dependence on foreign energy. When Congress passed the Energy Policy Act (EP Act) in 2005 with a renewable fuel standard (RFS) provision mandating that producers add ethanol to gasoline, it is unlikely that lawmakers thought the act would increase hunger and social unrest in the world's poorest countries. However, unintended consequences frequently accompany even the most well-intentioned policies, says Sherzod Abdukadirov, a research fellow with the Mercatus Center."

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