G8 discussion centers on biofuel

Hong Kong News.Net
Tuesday 8th July, 2008

The biofuel policies of wealthy countries have been on the agenda at the G8 conference in Japan.

World Bank President Robert Zoellick has called for reform of food resources, urging countries to grow more food to feed the hungry.

Speaking on the sidelines of the summit on Hokkaido island, Mr Zoellick said biofuels had largely caused massive food price rises.

He laid particular blame on fuels made from corn and rapeseed and said both the US and Europe need to take action to reduce tariffs that benefit grain and oil seed biofuels but take food off the table of millions.

Mr Zoellick urged the G8 to increase food aid and reduce trade barriers on farming products.

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