We all thought biofuels we’re going to be our eco-savior (what could be greener than running our cars on renewable corn, soy, or sugarcane?) That is, until it turned out eco-fuels contribute to rising food prices, put conservation land back into agricultural production, and turn into an all-around bust because fermentation of the starches and sugars put lots of CO2 into the atmosphere. But biofuels may yet make their mark on mother earth.

Last week scientists were extolling the virtues of duckweed—this week, another type of pond scum is being called a possible savior. Norwegian scientists believe microalgae could slash CO2 levels—responsible for a lot of our global warming woes—and even be tapped for a more effective biofuel in the future.

Are Biofuels Starving the World?:  iStockphoto

But today, Britain became the first Western nation to announce that its biofuel production will be curbed, since it’s likely causing rising food prices and rainforest destruction.

Bioplastics, like biofuels, are on the rise as consumers demand alternatives to fossil fuel-based plastics and big business take their wants seriously. Everything from shopping bags to clamshell containers are being reengineered out of bio-based packaging in the hope of finding a truly disposable container; one that, instead of ending up floating in the ocean, will quickly decompose underground. That ideal, as you might expect, is not quite so simple. And already, our two leading alternative bag types are falling short of the hype.

The first annual BioMass conference, attended by biofuels researchers, manufacturers, equipment suppliers, and farmers, is underway here at the Minneapolis Convention Center.

Prime on the agenda in the opening session this morning was a question lately blaring from headlines, for instance in a story in today's New York Times: can we grow crops for converting into fuel without catastrophically upsetting the world's food supply?

Today's New York Times has a front-page story about how biofuels are driving up food prices around the world and how they therefore may not be a such a great idea after all. That could be true if the only feedstocks available for producing biofuels were food crops, as the article implies, but that's far from the truth.

It could slow carbon dioxide emissions, power cars and jets, and replace petroleum altogether. Pond scum or green slimewhatever you want to call italgae is the next great hope in the world of environmental startups.