TMP

Date

2019-2022

Overview

We explored the climate and financial impacts of biomass power plants. Our focus was on whether switching from coal to biomass could genuinely benefit the climate. The results showed that these benefits are minimal, especially compared to investing in alternative energy sources. The biomass supply chain is hard to scale and not cost-effective for reducing emissions or generating energy.

Key findings

Our research has been widely cited by advocates working to halt the expansion of biomass energy. Our economic predictions were proven correct when Enviva, a leading wood pellet producer, declared bankruptcy. The biomass industry has since struggled to secure investments, particularly in the U.S. and Europe.

Lessons learned

New energy technologies often gain political support, even when they lack economic, social, or environmental justification. It's crucial for experts to have a stronger voice in determining which energy projects deserve backing.

Partners

• Pivot Point

Funder

• Packard Foundation