Bethesda, Md., United States:
Today, the European Parliament as soon as once more voted to acknowledge major woody biomass as a renewable vitality supply. This is according to its prior classification beneath each the primary Renewable Energy Directive (RED) and RED II. Enviva Inc. (NYSE: EVA), the world’s main producer of sustainably sourced woody biomass, welcomes the designation as it marks a important step in the appropriate course towards extra low-carbon, drop-in alternate options to fossil fuels for energy and warmth era, as a part of an all-in renewables technique to scale back carbon emissions and restrict world dependence on fossil fuels.
Primary woody biomass is an important renewable vitality supply for assembly the ambition sought by the EU Parliament to improve renewable vitality to 45 % by 2030, and for attaining the EU’s aim of carbon neutrality by 2050. In the phrases of Markus Pieper, the Member of Parliament main on RED III, on the press convention held following the outcomes of the plenary, “We do need wood-based biomass as a source of energy if we genuinely are to undertake this energy transition.”
The Parliament’s vote this week brings its place significantly nearer to these of the Council and EU Commission by recognizing major woody biomass as renewable, making certain its continued zero-carbon ranking within the EU Emissions Trading Scheme, and permitting its use to improve in quantity.
“One thing is clear: wood-based biomass is a building block of the energy transition and, despite the vote of left-green Members of the European Parliament, can still be counted as renewable energy. The new directive will set the necessary framework to achieve the greatest possible CO2 reduction effect and not to ensure that our forests are burned in the future. I am counting on the member states to follow our proposals as the procedure progresses (“trilogue”),” continued Mr. Pieper in his assertion.
The Council and EU Commission have continued their steadfast assist for major woody biomass and for its elevated utilization to ship local weather change advantages and safety of vitality provide. Today’s vote serves as an preliminary negotiating place within the European Union’s course of. After this vote, the EU Parliament, the Council of the EU, and the EU Commission will start trilogue discussions, that are negotiations among the many three events, which can be estimated to attain a ultimate compromise on RED III within the first half of 2023.
“Heading into trilogues, the EU Parliament introduced its place one step nearer in the direction of the mainstream views of the Council and the Commission, and away from the sooner minority place taken by the ENVI committee.
“While the method is overseas to these of us within the U.S., as an Austrian native, I can admire the advanced nature of the EU legislative course of, and that a compromise wants to be reached in trilogue negotiations to deal with the vitality transition, safety, and affordability disaster dealing with the EU. Today, biomass accounts for nearly 60 % of renewable vitality in Europe.
“All serious pathways for achieving climate neutrality show that the use of bioenergy must and can be increased sustainably. The EU Commission’s own impact assessment for RED III outlines a need to increase bioenergy use from 2030 to 2050 by an average of 69 percent to provide vital grid balancing services, high temperature heat for industry, advanced biofuels, and negative emissions,” mentioned Thomas Meth, President of Enviva.
“A failure to increase woody biomass use in the EU would mean failure in meeting climate goals, increased cost to EU consumers, and further disruption to security of energy supply on the brink of winter, when bioenergy makes up 25 percent of European heating supply and when incremental investments in more woody biomass infrastructure are desperately needed. At Enviva, we are encouraged by the progress made and are confident that a pragmatic and reasonable outcome will be reached,” concluded Meth.
About Enviva
Enviva Inc. (NYSE: EVA) is the world’s largest producer of commercial wooden pellets, a renewable and sustainable vitality supply produced by aggregating a pure useful resource, wooden fiber, and processing it into a transportable type, wooden pellets. Enviva owns and operates ten crops with a mixed manufacturing capability of roughly 6.2 million metric tons per 12 months in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is establishing its eleventh plant in Epes, Alabama. Enviva sells most of its wooden pellets via long-term, take-or-pay off-take contracts with creditworthy prospects within the United Kingdom, the European Union, and Japan, serving to to speed up the vitality transition and to decarbonize hard-to-abate sectors like metal, cement, lime, chemical compounds, and aviation fuels. Enviva exports its wooden pellets to world markets via its deep-water marine terminals on the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.
To be taught extra about Enviva, please go to our web site at www.envivabiomass.com. Follow Enviva on social media @Enviva.
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