Canada’s Commitment to Biomass Highlighted in its Fall Economic Statement

The Government of Canada has included biomass-using technologies in the Clean Technology and Clean Electricity Investment Tax Credits from the Fall Economic Statement (FES) released this week. According to energy company, Drax, "Biomass is a key component of the clean energy sector with the potential to reduce reliance on diesel fuel in rural and remote communities."
Canada’s Commitment to Biomass Highlighted in its Fall Economic Statement
Courtesy of Drax

“We are encouraged by the Canadian government’s commitment to clean energy and the recognition of biomass-used technologies as a crucial component in achieving a cleaner future,” said Will Gardiner, CEO of Drax. “Leading climate bodies and scientists agree that biomass has an important role to play in climate mitigation – as a sustainable feedstock, as a renewable energy resource, and as a carbon removals technology through Bioenergy with Carbon Capture and Storage.”

Sustainably sourced biomass is renewable and provides reliable, flexible generation that enables technologies such as wind and solar, to connect to the grid. Sustainable biomass also supports a vital carbon-negative emissions technology which will be needed around the world to meet climate commitments.

“Working on both sides of the Atlantic, Drax is focused on enabling a zero-carbon, lower-cost energy future,” said Gardiner. “Drax’s ambition is to be the world’s leading provider of carbon removals through BECCS.”

BECCS is vital to energy security. Drax’s ambition through BECCS is building large-scale carbon removal facilities, creating thousands of jobs in new clean energy technology and generating dispatchable, renewable power using sustainably sourced biomass for homes and industries – while supporting the growth of the forestry sector and other intermittent energy sources.

With the right policy framework, and further announcements such as the one in the FES, Drax believes that Canada could be an ideal location to deploy BECCS, given its access to one of the world’s greatest fibre baskets, well-established sustainable forestry sector, and suitable geology for CO2 storage.

In Canada, Drax has invested over $830 million in the Canadian forestry sector, supporting more than 10,000 jobs and contributing $1.1 billion to the nation’s GDP in 2021.

Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).