Biotech Updates

Interactive Web Application to Determine Biofuels Sustainability Index

September 26, 2008
http://www.iadb.org/NEWS/articledetail.cfm?Language=En&parid=2&artType=PR&artid=4743
http://www.iadb.org/scorecard/

The Inter-America Development Bank (IDB) recently released a web-based interactive tool, called the ‘Biofuel Sustainability Scorecard” (URL above) as a policy/management tool to assess the sustainability scores of different biofuel feedstock options. This is a part of the IDB efforts to “ensure that biofuel investments produce social, economic and environmental benefits”. According to IDB President Luis Alberto Moreno, “before deciding to invest in biofuels, governments and companies need to fully understand how a particular feedstock and production process will impact food security and local ecosystems. His Scorecard will make it easier to get answers to those questions, and it will be a key instrument in the IDB’s efforts to promote only those biofuel projects that are truly sustainable”. The IDB website mentions that “The Scorecard was designed to be used at multiple stages of a project’s life-cycle. It can be used in project development, screening, initial analysis, and then again throughout due diligence and investment approvals. By using the Scorecard at multiple stages, decision makers can identify areas that need improvement and then measure the impact of changes”. The Scorecard can be tested at the above URL..