Financial Times FT.com

Climate change

IEA warns against retreat on biofuels

By Carola Hoyos and Javier Blas in London

Published: April 25 2008 22:30 | Last updated: April 25 2008 22:30

Biofuel production is critical to meeting current and future fuel demand in spite of its possible role in driving up food prices, the west’s energy watchdog has warned.

Amid signs of a growing backlash against biofuels in the wake of the worst food price spike since the 1970s, the International Energy Agency said that the crop-based fuel was vital to meeting current and future demand.

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