Not a Lexis+ subscriber? Try it out for free.

Environmental

OECD says U.S. should consider adoption of a carbon tax and reconsider its support for ethanol

Because the U.S. is a major source of GHG emissions, the OECD recommends that the U.S. should price carbon emissions to reflect their environmental costs, either through a cap-and-trade system or a carbon tax. The OECD also suggested that the U.S. reconsider its support for so-called first-generation biofuels (corn derived ethanol) because it has been linked to price increases of certain food commodities. The OECD further suggested that the U.S. reconsider its support for so-called second-generation biofuels (e.g., cellulosic ethanol) because of scientific uncertainties and formidable technical hurdles. See http://www.oecd.org/document/32/0,3343,en_2649_33733_41803296_1_1_1_1,00.html#Contents and http://iwsdocumentednewsdaily.blogspot.com/2008/12/iws-oecd-2008-united-states-economic.html.