The Impact of Biofuels
One of the entrepreneurs whose project is included on our list of the clean energy business investment opportunities just sent me this article from Time Magazine on biofuels. The author’s point, in brief, is that we tend to underestimate the damage that most biofuels do to the environment; he is completely correct, IMO.
There are several mechanisms at work here, but they largely come down to land use. In some areas, farmers are planting crops whose ultimate use is biofuel, opting to go in this direction rather than planting food crops. In other areas, large swaths of ecologically beneficial forests are being removed to make room to grow the biomass that will be processed into fuels. (more…)