A study released by Oregon State University (OSU) economists indicates that the biofuels currently mandated and under production in Europe and the United States “barely reduce fossil fuel use and. . .likely increase greenhouse gas emissions.” TheyÂ´re also 14 to 31 times more costly than taking other measures to reduce greenhouse gas emissions.
Well, this is disheartening. Maybe economies of scale and more research will drop the price of biofuel and cut GHG emissions as well.