Wood Market Trends in Europe - BC Coastal Initiative
Wood Market Trends in Europe - BC Coastal Initiative
Wood Market Trends in Europe - BC Coastal Initiative
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8<br />
T<br />
R<br />
E<br />
N<br />
D<br />
In many <strong>Europe</strong>an<br />
countries energy from<br />
wood is less costly for<br />
consumers than fossil<br />
energy sources.<br />
Figure 19<br />
Heat<strong>in</strong>g Prices for Electricity, Oil and<br />
<strong>Wood</strong> Pellets <strong>in</strong> Sweden, 2006-2007<br />
Source: ÄFAB<br />
Note: Pellet prices are average of n<strong>in</strong>e<br />
Swedish producers. Electricity price <strong>in</strong>cludes<br />
Swedish energy tax, green electricity<br />
certifi cate and grid service charge.<br />
Electricity<br />
Oil<br />
<strong>Wood</strong> pellets (bulk)<br />
<strong>Wood</strong> pellets (3-ton bags)<br />
Bioenergy boom is start<strong>in</strong>g<br />
to affect the forest <strong>in</strong>dustry<br />
Antje Wahl<br />
Energy from biomass plays a central role <strong>in</strong> the EU’s energy policy. Between<br />
1997 and 2006 the amount of renewable energy produced <strong>in</strong> the EU <strong>in</strong>creased<br />
by 55%. In 2007 the EU set a new target of a 20% share for renewable energy<br />
<strong>in</strong> primary energy consumption by 2020. To reach this goal, a doubl<strong>in</strong>g<br />
of biomass use <strong>in</strong> heat<strong>in</strong>g and cool<strong>in</strong>g, and a further <strong>in</strong>crease <strong>in</strong> electricity<br />
generation from biomass is anticipated. 1<br />
The strong <strong>in</strong>terest <strong>in</strong> renewable energy is driven by the obligation to cut<br />
greenhouse gas emissions, the need for energy security and ris<strong>in</strong>g prices for<br />
fossil fuels. <strong>Europe</strong> currently imports more than half of its energy needs. 2<br />
With energy generation from coal <strong>in</strong> decl<strong>in</strong>e and nuclear energy fac<strong>in</strong>g public<br />
resistance, <strong>Europe</strong>’s dependence on imported energy is forecast to grow<br />
further unless locally available, renewable energy sources are developed.<br />
Canadian cents / kWh<br />
25<br />
20 0<br />
15 5<br />
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5<br />
0<br />
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1 <strong>Europe</strong>an Commission. 2007. Renewable Energy Road Map.<br />
http://ec.europa.eu/energy/energy_policy/doc/03_renewable_energy_roadmap_en.pdf<br />
2 <strong>Europe</strong>an Commission. 2007. Pocket Book Energy and Transport <strong>in</strong> Figures.<br />
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