Fortum Calls for EU-level Sustainability Criteria for Biomass

Fortum today released in Helsinki its latest publication in its Energy Review series; the focus of this issue is bioenergy. In the Energy Review Fortum suggests clear EU-level sustainability criteria for biomass and a transition to a market-driven system in place of complex subsidy systems.

Biomass is a renewable, domestic, mainly local and carbon-neutral energy source, which is a central part of our energy system. It is the only renewable energy source that can replace all types of fossil fuels in heating, cooling, electricity production and traffic.

However, the uncertainty regarding biomass-related regulatory policy has increased in the EU, which adds instability to the biomass markets and reduces the investment willingness. The biggest policy risks impacting bioenergy are
related to sustainability principles and financial subsidies.

Read more: Fortum calls for EU-level sustainability criteria and phase out of subsidies for biomass

Source: Fortum