imports Tag

South Korea aims to become a major player in internationally traded biomass over the next decade. Its renewable portfolio standards have legislated that 2 percent of the country’s energy come from renewable sources in 2012, to be raised incrementally each year until reaching 10 percent in 2022. Additionally, 350 of the country’s largest firms have been instructed to reduce their emissions of carbon dioxide. The policy will supplant the current feed-in tariff scheme currently in effect.

Africa is the world’s economic frontier, as years of internal conflict have impeded the development of its vast natural and human resources. Only recently has this potential begun to materialize with biomass fuel emerging as one of Africa’s key industries.