The news source noted that the leaked report is based on a comprehensive analysis of the global food crisis by Don Mitchell, a globally recognized economist at the World Bank.
The report is at odds with the US government’s claims that plant-based biofuels have only increased food prices by a maximum of 3%. The World Bank report is expected to pressurize the US and European governments, which have favored biofuel usage to reduce dependence on imported oil and cut emissions.
The World Bank report comes at a crucial time when the G8 forum of industrialized countries meets in Japan to discuss the global food crisis among other issues. Activists are calling for a suspension of the use of plant-based biofuels, according to The Guardian.
The British government is reportedly in a tricky situation with the latest study showing the relation between rising food prices and plant-based biofuels. It is expected to release a report on the impact of biofuels on food prices, which according to the news source, will be in accord with the leaked World Bank report.
