World Bank President on Biofuels

Cindy Zimmerman

World Food Prize Bob ZoellickThe president of the World Bank made an appearance at the World Food Prize symposium Thursday on World Food Day and commented on world production of food and biofuels during a press conference.

Robert Zoellick noted that some biofuels are more efficient than others, like sugarcane ethanol in Brazil, and he believes that “biofuels in the future are going to be a critical component of a larger energy mix.” He also acknowledged the importance of creating the marketing framework which he says is “partly what some of the oilseeds-based and corn-based biofuels are about.”

He urges policy makers in the U.S. to consider some ways to change the structure of tariffs and subsidies for ethanol, such as having some “safety-valves” that would allow for the reduction of subsidies when prices reach certain levels.

Listen to Zoellick’s comments here:

You can also download the audio with this link: Zoellick on Food and Fuel (mp3)

See photos of the World Food Prize event here.

Audio, Biodiesel, Ethanol, International