Wednesday, December 28, 2011

[biofuelwatch] Wood trading exchange stokes green energy row

Wood trading exchange stokes green energy row

New exchange launches in Netherlands amid growing row about wisdom of burning more wood to generate electricity

Oil, gold and even pork bellies have been traded on commodity markets for many years, but traders are now able to buy and sell industrial wood pellets via an electronic market place for the first time.
The APX-ENDEX exchange in the Netherlands has launched green energy contracts at a critical moment, when demand for biomass is soaring, but critics argue that burning wood to generate electricity causes as many problems as it solves.
Traditional power stations such as Drax in North Yorkshire are increasingly switching to burning wood instead of coal to reduce carbon emissions and an international trade in wood pellets is developing.
APX has developed the contracts in co-operation with Port of Rotterdam, which has seen a big increase in the amount of wood being brought into the docks to feed biomass plants across Europe. The port – the biggest in Europe – says it expects to be handling 2-3m tonnes annually by 2025 as imports from places such as Canada and Russia soar.

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Biofuels are a wide range of fuels which are in some way derived from biomass.

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