Austria Leading the Way in Biomass

Amazingly, 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.