According to the website Rainforest Rescue, the agrofuel industry, already boosted by EU and US targets, incentives and subsidies, can now look forward to hundreds of millions from extra subsidies.

Vast carbon dioxide emissions from coal power stations in Europe can now be officially ‘offset’ by companies paying for soya plantations in Brazil or palm oil plantations in Indonesia or Thailand, which in turn will cause more deforestation and other ecosystem destruction and thus, also, more climate change.

The CDM was set up under the Kyoto Protocol and allows Northern countries to ‘offset’ greenhouse gas emissions by paying for projects in the South, instead of cutting their own emissions.

Full story from ethical consumer.