One of the reasons for the increase in prices for almost all food products was called the boom of vegetable fuel, the production of which began to actively engage in major energy companies. The demand for beans, corn and other cultures on the part of the manufacturers of biofuels make a tangible contribution to the rise in food prices, notes the Bloomberg agency.
Products in all countries of the world can be even more expensive because of the program to combat climate change. Energy companies are increasing the volume of fuel obtained from the processing of plant and animal fats, grain, legumes, sugar. Due to the high demand, soy and palm oil, corn went up for a year twice, sugar jumped in price half, and food prices – from animal feed to chocolate – took off to a record level in the last seven years.
One example of transformation of an oil refinery in Green – the factory in San Francisco PHILLIPS 66 power companies, which in the last year has become one of the largest in the country for the production of renewable fuel. According to the American bank JPMorgan Chase, by the end of 2024, the production of renewable diesel fuel in the United States will increase almost six times, which will only aggravate food deficit and unemployment worldwide.
“comes day of payback. Prices for palm and other vegetable oils grow. When oil refineries will cease to turn edible clean oil into renewable diesel fuel?” – Todd Becker spoke, the general director of the American company Green Plains, which removes biofuels from recycled corn oil, unsuitable for food.
The demand for renewable energy from year to year around the world is only increasing. Reducing the carbon trail contributes to the replacement of traditional car electrocars and reforming the agricultural industry. Play the role and small “green” initiatives. An example of a safe village for the nature of energy consumption was a small village in Sweden, in which all houses have booked from solar panels.