Biofooled

From Martin Wolf on Biofuels: a tale of special interests and subsidies, with help from Biofuels – At What Cost? from the Global Subsidies Initiative:

This...is a classic farm programme: a costly system of transfers looking for a rationale. Or, as the report puts it: “The bewildering array of incentives that have been created for biofuels in response to multiple (and sometimes contradictory) policy objectives bear all the hallmarks of a popular bandwagon aided and abetted by sectional vested interests.”