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UN blames US, EU biofuel investment for food price hike

Paris, May 3, IRNA

UN-Biofuel
United Nations special rapporteur on the right to food Olivier de Schutter on Friday urged a freeze on biofuel investment, saying the blind pursuit of the policy is "irresponsible".


In an interview with Le Monde newspaper, Olivier de Schutter called for curbs on investors whose speculation is driving food prices higher.

UN officials liken the rise in food prices to a silent tsunami, threatening 100 million of the world's poorest.

The use of food crops for alternative sources of energy like ethanol is one factor behind the price hike.

His predecessor Jean Ziegler had also condemned biofuels as a "crime against humanity" and called for an immediate ban on their use.

De Schutter said that the American and European goals for biofuel production were unrealistic.

"The ambitious goals for biofuel production set by the United States and the European Union are irresponsible," he said.

"I am calling for a freeze on all investment in this sector." The biofuel rush was, he argued, a "scandal that only serves the interests of a tiny lobby".

Calling for a special session of the UN Human Rights Council to discuss the food crisis, Schutter also said he wanted to find ways to limit the impact of speculative investments in food commodities like wheat, which had further driven up prices.

And the rapporteur, a Belgian professor of international law, said it was "unforgivable" that the international community had failed to anticipate the riots sparked last month by soaring food prices.

"Nothing was done to prevent speculation in raw materials, though it was predictable investors would turn to these markets following the stock market slowdown," the UN official said.


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---> UN-Biofuel

News sent: 12:21 Saturday May 03, 2008 Print