Engaging on EU climate and bioenergy policy
PRI is asking for feedback on a new EU bioenergy policy report for policy makers and investors.
The report (i) assesses woody biomass use for energy in the EU, (ii) its climate, nature, and social impacts, (iii) material risks for investors, and (iv) policy recommendations to achieve competing energy, climate, nature, and bioeconomy objectives.
We are pleased to share PRI's draft policy report on EU bioenergy policy, and its impact on climate and nature (available to download in the 'files' tab), for your feedback by 7 October.
The report is aimed at policy makers and investors. It provides policy recommendations for using biomass in the EU transition to a net-zero economy, and points out the implications for financial market actors when making bioenergy investments.
We are organising a dedicated drop-in session on 1 October, 11:00 -12:00 CET, where we will present key messages from the draft report and welcome any questions and feedback from you. An invitation to this session will be following separately.
What is the relevance of bioenergy policy?
- Bioenergy makes up almost 60% of the EU's renewable energy share, and features prominently in the EU's climate and renewable energy targets for 2030 and beyond.
- But using biomass for energy also contributes to substantial policy risks for climate mitigation and adaptation, nature restoration, and a circular net-zero economy.
What are the implications for investors?
- Bioenergy and other biomass-related investments come with material financial risks, including market, policy, disclosure and reputational risks.
- EU policies on climate, nature and energy objectives pose risks and opportunities for responsible investors transitioning to net-zero and nature-positive portfolios, and has implications on bioenergy, biomass and forestry investments.
Provide signatory feedback to draft EU bioenergy policy report. This will be the basis for further engagement on woody biomass use for energy as well as climate, nature and the circular net-zero bioeconomy.
- Environment
- Biodiversity / nature
- Climate change
- GHG targets / emissions
- Land use inc. deforestation
- Waste and pollution
- Energy
- Materials
- Utilities
- 7 - Affordable & clean energy
- 12 - Responsible consumption & production
- 13 - Climate action
- Global