BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

Ethanols Not Green

Market Movers

by Felix Salmon
Main
Credit Losses: The Good News   Credit: The Bandwidth-and-Hamsters Analogy

Recent Blog Posts

Links

Feb 22 2008 12:00am EDT

Ethanol's Not Green

How did I miss this, when it was published a couple of weeks ago?

Almost all biofuels used today cause more greenhouse gas emissions than conventional fuels if the full emissions costs of producing these "green" fuels are taken into account, two studies being published Thursday have concluded.

Naturally, Paul Krugman saw it: today he says that ethanol is "bad for the economy, bad for consumers, bad for the planet". And he also uses the relative freedom of his NYT blog to reveal a lede he wasn't allowed to use in his column:

Before the State of the Union address, there had been hints and hopes that President Bush would offer a serious plan to reduce our dependence on imported oil. Instead, however, he took refuge in alcohol.

Clever man, that Krugman.

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.


Connect With Portfolio.com
Like Portfolio on Facebook

Come on, like us—you know you want to.

Follow Portfolio on Twitter

Follow us and if you're an innovative entrepreneur, we'll return the favor.

The Mix

Today's top stories, conversation starters, and the back nine business bites.

spotlight on

People & Ideas

Whisky To-Go-Go

Now there's a company that let's you taste your knowledge of fine blended Scotches by mixing a whisky of your own. Read More