UK climate advocate says diverting biofuels subsidies to reforestation would cut global CO2 emissions by 20 percent

In England, Simon Wolfson, CEO of Next, published an article in the Daily Telegraph saying that if $15 billion earmarked for biofuel subsidies were devoted to reforestation, it would cut worldwide carbon emissions by 20 percent. Wolfson complained in the article that reforestation was unfairly excluded from the  European Union’s Emissions Trading Scheme. Wolfson’s chart showed that CO2 reduction from nuclear energy was twice as efficient as $292 per tonne in biofuels subsidies.

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