The European Union has earmarked EUR220 million (nearly $300 million) to encourage the cultivation of energy crops. E.U. Development Commissioner Louis Michel said the bloc is looking at ways to enable sugar farmers in former European colonies in Africa, the Caribbean and the Pacific, or ACP, to go into ethanol and oilseed production. Although conceding that the trend favoring biofuels could reduce food production, Michel believes the concern should not obstruct a “historic” window to plant new crops in high demand.
Source: EU:To Give Aid To Help Developing Countries Grow Energy Crops (AP)