Ethanol Mandates Plague Developing Countries With Rising Food Prices

Ethanol Mandates Plague Developing Countries With Rising Food Prices

October 16, 2012
Originally published in The New American

From Brian Koenig's article in The New American:

At the very least, critics note, the Renewable Fuel Standard (RFS), which mandates a percentage of ethanol in gasoline, should be softened when food stocks fall below certain levels. "The ActionAid report makes two things abundantly clear," Marlo Lewis, a senior fellow at the Competitive Enterprise Institute, said during a press call to release the report. "First, the RFS is making it harder for the world's poorest people to feed themselves. Second, the RFS consumption and blending mandates should be eliminated or, at a minimum, automatically reduced when corn stocks fall below critical thresholds."