The US Ambassador to Finland, Charles Adams Jr., considers that the forestry resources in the Arctic might represent a very important opportunity for the developing of renewable energy in Finland and Russia, according to Bioenergy Insight.
Also, the forestry sectors in Finnish Lapland and Russian Kola Peninsula might be a renewable energy source not only for Finland and Russia, but also for the bioenergy industry in the EU’s countries. Besides the economic opportunities, the Arctic communities might win a new non-fossil source of energy from bioenergy.
"Renewable energy, biofuels, forestry byproducts — that is going to be a huge new vector for the Finnish economy, also, by the way, for the Russian economy. I’m not talking about the next generation, it is happening as we speak,” Adams said.
As the Finnish Foreign Ministry reported, 70% of Finland’s renewable energy is provided by the bioenergy production from the forest industry. On the other hand, the renewable energy in Russia accounts only for 5% of the energy production. In Russia, the energy production from wood waste in the logging sector reaches 8 billion tonnes of oil.
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