The Global Forest Coalition said an examination of international trading companies has revealed a new and growing global industry in wood for energy.
In Europe, small-scale woodchip power plants make use of locally harvested timber and wood waste, but such sources will not be able to feed the industry’s huge need for wood in convenient bulk deliveries over the next few years. Worldwide production of wood pellets is set to double in the next five years from the present 10 million tonnes to 20 million
At anational level, Britain’s demand for wood will increase more than sevenfold. MGT Power is creating a new waste-to-energy plant. Power firms claim that generating electricity by burning wood emits an equal or lesser amount of CO2 than the quantity absorbed by the trees through photosynthesis in forests.
Forestry Stewardship Council claims that “properly managed plantations are essential to stop the destruction of natural forests”.
Forestry Invest is sponsored by Greenwood Management. For more information on investing in Forestry please click here
April 4th, 2010 at 9:56 am
[...] informal alliance of southern and northern NGOs and indigenous peoples' organisations expressed …Wood energy | Forestry Investment BlogThe Global Forest Coalition said an examination of international trading companies has revealed a [...]