Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-04-22-Speech-2-277"
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"en.20080422.49.2-277"2
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substitute; Delegation for relations with the countries of Central America (2007-03-14--2009-07-13)3
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"Mr President, Commissioner, ladies and gentlemen, the energy sector is now faced with a very ethical challenge. Energy and bread are now at odds with one another. This is nothing less than the difference between prosperity and poverty.
The consequences of speculation are that the cost of grain is in practice tied to the price of oil. The higher that is, the more grain will also be used as fuel, unless we intervene. Now only about 2% of grain is used in the production of biofuel, but that figure is rising. The Organization for Economic Development and the United Nations estimated that if the price of oil reached the 56 dollar level, the production of grain for food would go down by a couple of percentage points and the price of grain, which is to say food, would go up by around 10%. What about if the price of oil kept rising to reach the 100 dollar mark, which is where it is now? We urgently need international norms and agreements, so that the rise in the cost of food can be halted, as can the switch from the use of grain to make bread to the use of grain to make fuel for four-by-fours on our roads.
We might imagine all sorts of threatening scenarios, but there is some good news. Russia is working on a scheme to produce competitive renewable energy for the European market. That means hydroelectric power, the use of reserves of water and forest mass on a large scale - in fact, the world’s largest."@en1
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