Bioenergy, forestry sectors jump on EU’s green finance bandwagon

Bioenergies, including wood, biofuels and forest-based industries, should be recognised under the EU’s draft sustainable finance taxonomy, in line with the recently-updated renewable energy directive, an industry coalition has claimed.

The EU’s draft taxonomy for green finance is “undermined by significant divergences” with the EU’s renewable energy directive, according to a joint statement by ten industry associations involved in the forestry and bioenergy sectors.

“This lack of coherence casts a shadow over the likelihood of achieving long-term EU climate and energy goals,” the coalition warns. Continue reading “Bioenergy, forestry sectors jump on EU’s green finance bandwagon”