European Biomass Demand To Grow 44% Between 2010 and 2020By Risi, PRNE
Saturday, July 9, 2011
BRUSSELS, July 11, 2011 -
- Unless new sources are developed,
Europe faces an acute shortage
Renewable energy policy in Europe will generate an increase in
lignocellulosic biomass demand of 44% between 2010 and 2020.
The increased use of biomass will be driven principally from
the energy sector, but also from the industrial and residential
sectors. These are the findings in href="www.risi.com/ebiomass">European Biomass
Review, a new study from RISI, the leading information
provider for the global forest products industry.
What is the potential to increase regional supply for biomass
from forest and other sources and what actions are being taken to
release the potential? The key to the future development of
European biomass markets resides in the region’s supply potential
and how well it can mobilize new sources of supply, such as forest
residues, agricultural residues and energy crops. Three
scenarios for the mobilization of new supply sources by 2020, are
included for each region in href="www.risi.com/ebiomass">European Biomass Review.
A cost-curve analysis for each region and each scenario
illustrates the implications for biomass pricing and imports.
While technologies such as wind, solar and geothermal are
developing rapidly, lignocellulosic biomass is currently the
largest renewable energy source (RES) and remains attractive due to
its relative abundance and reliable supply. The economics of
biomass versus other RES is analyzed in the studyusing macro demand
drivers and the National Renewable Energy Action Plans (NREAPs), to
forecast biomass demand by sector until 2020.
“The NREAPs offer insights into how governments plan to meet the
renewable energy targets by 2020,” says study author Glen O’Kelly,
“but forecast biomass demand is based on announced investments,
carbon costs and the relative economics of biomass, as well as an
analysis of macro drivers: forecast GDP, population, household
energy use, forest industry production - all considered in this
Review covers the EU27 countries, combined with Norway
and Switzerland, with breakdowns for five regions (North, West,
East, & South Europe, UK and Ireland). It highlights
opportunities for global biomass exporters, as well as the need to
develop infrastructure such as ports and terminals for supply
chains, biomass futures and hedging instruments.
RISI is the leading information provider for the global forest
products industry. The company works with clients in the pulp and
paper, wood products, timber, biomass, tissue, nonwovens, printing
and publishing industries to help them make better decisions.
Marketing Manager, Forecasts & Analysis, RISI
326 Avenue Louise, Bte 22
Tags: belgium, Brussels, July 11, RISI