|Bliss Baker||August 20th 2012| Responding to various calls to
dramatically reduce the use of biofuels across the world, the
Global Renewable Fuels Alliance released the following
statement: "Calls to curtail biofuel production and use because
of one bad growing season in the U.S. is putting the cart before
the horse. We don’t yet know how extensive the damage from the
drought in the U.S. will be, nor do we know how farmers in the
rest of the world will respond to stronger markets for their
crops. Biofuels have proven to be an effective way to help lift
rural communities worldwide out of poverty. Stronger grain
prices have spurred investments in agricultural production that
are yielding more crops from the same acre of land. In turn,
this is helping traditionally food and energy poor nations
become more self-sufficient. Eliminating the market created by
biofuels would be a setback to progress made in these areas and
could very well increase poverty rates. Investments made by
nations around the world in domest