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Markets are great – but the true costs of our fuel choices are not reflected in the price

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Photo by petrr. Licensed under Creative Commons license 2.0.

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According to an article in The New Economic Times, Fiat is planning to launch a new ethanol-powered engine for the Brazilian market. Ethanol is widely used for fuel in Brazil and half of the country's sugar cane crops are currently used for its production. Fiat intends the motor to be run on fuel that the ethanol producers create themselves, saving on taxes. What is most interesting about this story, though, is that it seems the new engine will be based on a current diesel block. In fact, a smal

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