Finland faces having to import biomass because, despite being Europe’s most densely forested country, it will be unable to meet an expected 70% rise in demand for the fuel after it phases out coal.
Finland approved in February banning the use of coal in energy production by May 2029, which means utilities will have to find alternatives to keep Finns warm as coal currently accounts for around 20% of the energy used for household heating.
As there are limited plans to use more gas to produce heat in Finland, and other sources such as solar and geothermal energy are not yet commercially viable, using more biomass is seen as the most economic way of meeting the country’s future energy needs.
The 67th Bilderberg Meeting will take place from 30 May – 2 June 2019 in Montreux, Switzerland. About 130 participants from 23 countries have confirmed their attendance.