Finland loses €10-20 billion every year in unused CO2 emissions



LUT University: wood-derived carbon dioxide must be quickly put to use!

"The Finnish government, forest industry companies and forest owners should work to accelerate the recovery and use of bio-based carbon dioxide," write Petteri Laaksonen, Director of Energy Systems Research at LUT University, and Professor Christian Breyer.

Finnish industry produces around 28 million tonnes of bio-based carbon dioxide (bio-CO2) emissions annually, making Finland the second largest producer (40%) in Europe.

Bio-based carbon dioxide is the only carbon dioxide that is accepted in EU regulations as a feedstock for renewable fuels of non-biological origin (RFNBO).

The potential for Finland to produce RFNBO fuels from bio-based carbon dioxide using green electricity would exceed twice the current domestic fuel consumption needs, with annual revenues of €10-20 billion.

Read the full LUT University position paper: https://www.lut.fi/fi/uutiset/biopohjaisen-hiilidioksidin-hyodyntaminen-saatava-vauhdilla-kayntiin

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