Biodiesel and Ethanol Investing

Green Planet reports that Kenya’s Ministry of Energy has launched a five-year policy to boost biodiesels, as a measure to contribute to the fight to global warming as well as to reduce the country’s dependence on imported fossil fuels. Kenya spends a sum around €1.1 billion (2007) for petroleum imports, and the expense is on the rise since it was €1 billion in 2006. Locally grown trees such as jatropha will be used to produce biodiesel.