Austria Leading the Way in Biomass

biomass.jpgAmazingly, the Financial Times reports that Austria is producing an astonishing 70 percent of its electricity from renewable sources. (Article requires subscription to read). Biomass accounts for 11.2 percent of the total energy supply, and 21 percent of heat production. That’s pretty impressive. It’s also great to see such things reported in the FT, arguably the world’s premier business publication.
The country has the advantage of being heavily forested and is also subsidising biomass by covering as much as 50% ot the investment cost. Still, it’s a thriving industry that promises to both strengthen the Austrian economy and provoke further, more cost effective innovation.

Nick Aster is a new media architect and the founder of has grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.

Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He worked for, managing the technical side of the publication for 3 years and has also been an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.

Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.