Keisuke Sadamori, the Director of Energy Markets and Security at the International Energy Agency (IEA), has stated that the world is approaching a peak in fossil fuel consumption, with coal being the first to decline. It's important to note that Asia alone accounts for 70% of global coal consumption, and the three largest coal-producing nations - China, India, and Indonesia - set production records in 2022. Considering that coal is a non-renewable resource and its supply chain generates significant greenhouse gas (GHG) emissions, numerous countries are committed to achieving net-zero emissions by 2050. However, phasing out coal is likely to create a demand for bioenergy produced by biomass.
Biomass is sourced from organic materials like trees, plants, and agricultural or urban waste. It can be used for heating, electricity generation, and transportation fuels. Producing, processing, and utilizing biomass for energy sustainably and efficiently is crucial to optimize GHG savings and maintain ecosystem services. To accomplish this objective, the Feed-in Tariff (FiT) has become a low-carbon fuel model with its own set of sustainability criteria, including ensuring environmental, social, and governance (ESG) considerations, maintaining a secure supply chain, and third-party verification.
FIT has approved some biomass updates as a model for sustainability in low-carbon fuels. The updates include the approval of "new" biomass fuels and certification schemes.
Biomass update 2023:
In conclusion, with coal consumption declining, there is a growing need for bioenergy produced from sustainable and efficient biomass. The Feed-in Tariff (FiT) has established its own sustainability criteria for low-carbon fuel, including third-party verification and ensuring environmental, social, and governance (ESG) concerns. Several biomass updates, including "new" biomass fuels and certification schemes, have been approved by FiT as a model for sustainability in low-carbon fuels. However, there is still a need for risk evaluation of biomass fuel regarding food competition and land use change. By utilizing certified biomass, countries can achieve their goal of phasing out coal while maintaining a sustainable and environmentally conscious energy source.
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