Key Facts from Timothy Wise "The Cost to Developing Countries of US Corn Ethanol Expansion&quot


KEY FACTS: . The USA is the world's largest corn producer and exporter (p.1) . By 2011, 40% of U.S. corn goes to ethanol production (p.2) . Developing countries carried more than half the cost of importing U.S ethanol expansion from 2006-11 ($6.6 billion of $11.6 billion worldwide) (p.2) . "A recent survey by the National Academy of Sciences estimated that globally biofuels expansion accounted for 20-40% of the price increases seen in 2007-8, when prices began to rise sharply" (p.2) (Wise cites this stat from a 2011 study commissioned by U.S. Congress National Research Council)** ** National Research Council, 2011, "Renewable Fuel Standard: Potential Economic and Environmental Effects of U.S. Biofuel Policy," Washington, DC, The National Academies Press, p.132 http://www.nap.edu/catalog.php?record_id=13105 (http://www.nap.edu/openbook.php?record_id=13105&page=132).

.Source: Timothy A. Wise, 2012, "The Cost to Developing Countries of U.S. Corn Ethanol Expansion," Tufts University, Global Development and Environment Institute Working Paper, No. 12-20. http://www.ase.tufts.edu/gdae/Pubs/wp/12-02WiseGlobalBiofuels.pdf [verified 4/17/14]

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