However, it’s just as much a tale of green-movement hypocrisy, as well as yet another lesson on the impact of incentives and artificial market interventions.
The New York Times explains in a sideways manner how the EU has attempted to comply with its own Paris Accord targets for carbon-dioxide reduction by, er, wiping out the forests of the continent for conversion to power.
...When the bloc began subsidizing wood burning over a decade ago, it was seen as a quick boost for renewable fuel and an incentive to move homes and power plants away from coal and gas.
...When the bloc began subsidizing wood burning over a decade ago, it was seen as a quick boost for renewable fuel and an incentive to move homes and power plants away from coal and gas.
Chips and pellets were marketed as a way to turn sawdust waste into green power.
...But today, as demand surges amid a Russian energy crunch, whole trees are being harvested for power.
...But today, as demand surges amid a Russian energy crunch, whole trees are being harvested for power.
And evidence is mounting that Europe’s bet on wood to address climate change has not paid off..."
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