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Article: California clean air legislation questions corn-based ethanol.
- Article from:
- The Food & Fiber Letter
- Article date:
- May 18, 2009
CopyrightCOPYRIGHT 2009 Informa Economics, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Corn-based ethanol may not affect the price of food as much as thought, but a controversial decision in California questions its ability to curb greenhouse gas emissions from transportation.
A new report by the Congressional Budget Office entitled "The Impact of Ethanol Use on Food Prices and Greenhouse-Gas Emissions" concluded that increased use of the fuel did not contribute as much as expected to last year's rise in corn prices.
From April 2007 to April 2008 ethanol affected rising food costs to a smaller degree than had previously been anticipated. According to the CBO report, the increased use of ethanol accounted for about 10 percent to 15 percent ...