Oxfam welcomed today’s vote by the European Parliament’s Environment Committee on the ETS Directive to use 50% of the auctioning revenues generated from the emission permits for developing countries to tackle climate change via an international fund.
Oxfam welcomed today’s vote by the Committee on Industry, Research and Energy (ITRE committee) to reduce the EU’s ambitious targets for biofuels in transport fuel but would have liked it to go further by dropping biofuels from the renewable energy directive altogether.
The G8 played down the effects of biofuels on food inflation 'like discussing the Titanic but not mentioning the iceberg.'
Unless the G8 leaders agree to immediate action and medium-term targets for reducing their greenhouse gas emissions by 2020, any long-term promises will be unattainable.
The rich world's response to the global food crisis has been inadequate and at times hypocritical. World leaders must set out a plan for a much more comprehensive response at the G8 in Japan this week.
Today’s biofuel policies are not solving the climate or fuel crises but are instead contributing to food insecurity and inflation.