The full report actually encourages biofuel development. Just not in developed western nations, and certainly not in the american corn industry, which is probably one of the most misguided directives in agriculture ever. But development of sensible biofuels in third-world countries with appropriate climates can help diversify agricultural markets in those countries. The key is that in order to be successful, they also need to refine the fuels there, rather than export them first.
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