The European Union Emissions Trading System (EU-ETS) has become a landmark environmental policy representing the world’s first and largest greenhouse gas (GHG) trading program. It covers around 12,000 installations over the span of 25 member countries and six industrial sectors.
Biomass can be characterized as solar energy stored in the chemical compounds of organic molecules through the process of photosynthesis. Biomass is a multipurpose material that has been in use for a long time in the supply of food, feed, energy and other resources. At the present, biomass supplies near 11% of the world’s energy demand, predominantly as traditional fuel for cooking and heating. In industrialized countries the biomass contribution to overall energy supply is in the range of 2-4%.