Biomass and biofuels can make an important contribution to the transition to a low carbon future, providing they are produced by responsibly managed sources. Tradition Green strives to make a positive impact through its business activities, and we take our environmental and social responsibilities very seriously.
For biofuels to reduce greenhouse gas emissions without adversely affecting the environment or social sustainability, they must be produced in a sustainable way. The EU sets rigorous sustainability criteria for biofuels and bioliquids.
►Sustainability is key to the long-term success of biofuels. To be considered sustainable, biofuels must achieve greenhouse gas savings of at least 35% in comparison to fossil fuels, rising to 50% in 2017 and to 60% by 2018 for new production plants.
►Biofuels cannot be grown in areas converted from land with previously high carbon stock such as wetlands or forests, and biofuels cannot be produced from raw materials obtained from land with high biodiversity such as primary forests or highly biodiverse grasslands.
A certification framework criteria for woody biomass, the Sustainable Biomass Partnership has also been developed to provide assurance that woody biomass is sourced from legal and sustainable sources. Led by industry leaders, it draws on the Forest Stewardship Council (FSC) and the Programme for the Endorsement of Forest Certification (PECF) standards to ensure that biomass used for power generation, whether as wood chip or pellets, complies with robust regulatory requirements.
Biomass wood pellets traded under the Euronext contract are required to comply with and be certified to the ENPlus standard, to ensure the quality and consistency of the wood pellets is maintained.
Tradition Green is committed to working within these guidelines for biomass, biofuels and all Environmental Markets to promote best practice and ensure our participation in these markets have a “net positive impact”. We are committed to ensuring our activities promote high standards of environmental and social practice, and will actively discourage participation in activities undermining these standards.
We believe Biomass and Biofuels can make an important contribution to the transition to a low carbon future, providing they are produced from responsibly managed resources, and that renewable energy will be an integral part of our energy mix.