While President Bush and the biofuel industry are happy with the growth of biofuel, Columbia economics professor Jeffrey Sachs is not. Neither, it seems, are millions in the world currently starving who weren’t starving prior to the push for biofuel. The food riots in at least eight countries over skyrocketing food prices may have been our first clue.
A full third of U.S. corn is now being used not for food but for fuels like ethanol. This is not about classic capitalism, the free market and Adam Smith’s invisible hand. The U.S. government subsidizes the growth of that corn.
President Bush and the biofuel industry deny a cause-effect relationship between subsidizing vast amounts of food crops to make fuels like ethanol and sharply increasing worldwide food prices. Economist Jeffrey Sachs has determined there is a cause-effect relationship between food-based biofuel, rising food prices and starvation.
Who is more objective in their assessment: a highly profitable industry and the politician subsidizing it, or a world-renowned economist and expert on poverty — a person not being subsidized, elected or paid by special interests to say or do anything in particular?
Sustainability has a triple bottom line: environment, economy and equity, as in social equity. Growing food for biofuel violates social equity altogether (and isn’t good for the environment or economy, either). In my view, growing and using food for fuel is wasteful, greedy and plain wrong.
Note that I said both growing and using. The greed is just as much on the part of consumers as producers — and we can climb out of our greed and consume fuels with more integrity and more joy. More on that in my next post. In the meantime, remember that biodiesel made from recycled restaurant vegetable oil is a different animal from the biofuel discussed here. See Heating Our House With Biodiesel.
Also coming up soon: our final decision on which hybrid car we’re buying.