Friday, July 6, 2012

Biofuels and Global Land Rush

"The combination of preferential trade access and salubrious natural conditions have placed some African states in the middle of the biofuels boom. Addax Bioenergy took a 50-year lease in Sierra Leone's Bombali and Tonkolili districts in response to the European Union renewable energy directive to create a market for biofuels."

"In a public statement, the Land Matrix - an NGO coalition - claimed: "Investors are targeting countries with weak land tenure security, although they try to look for countries that at the same time offer relatively high levels of investor protection. Only very few projects seem to engage in adequate consultations with local communities."

 (Land Matric link )

"Critics worry about food security. The majority of land investment is export-oriented. While 78 percent of land deals globally are for agricultural production, three quarters is for biofuels, for which the African market has limited absorptive capacity."

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