European biomass demand to grow 44% between 2010 and 2020.
BRUSSELS, BELGIUM, July 11, 2011 (Press Release) - 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 European Biomass Review, a new study from RISI, the leading information provider for the global forest products industry.
Forecast biomass demand by sector until 2020
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 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 study using 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 study."
European Biomass 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.
For more information, visit www.risi.com/ebiomass.
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.
Headquartered in Boston, MA, RISI operates additional offices throughout North and South America, Europe and Asia. More information can be found at www.risi.com/.
- Contact: Nichola Heer Marketing Manager, Forecasts & Analysis, RISI 326 Avenue Louise, Bte 22 1050 Brussels Belgium, Email: email@example.com, Tel: +32 2 536 0770