Bioenergy, Forestry Sectors Jump On EU’s Green Finance Bandwagon
23 Oct, 2019

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.

The statement was published on Wednesday (23 October) by a coalition of ten industry groups: Bioenergy Europe (bioenergy industries), CEPF (forest owners), CEPI (paper industries), COGEN Europe (cogeneration industry), Copa-Cogeca (farmers and agri-cooperatives), EBA (biogas producers), EOS (sawmill industry), ePURE (ethanol producers), Euroheat & Power (district heating), and EUstafor (forest managers).