Title:
Regional Economic Impact of Biomass-Based Heating Plant
Author(s):
Karhunen, A., Laihanen, M., Ranta, T.
Document(s):
Paper
Poster
Abstract:
The EU countries are increasing the consumption of renewable energy sources by 2030 and for Finland solid biomass fuels seems to be the most cost-effective solution in the short run. This paper provides information about local possibilities to utilize biomass fuels instead of fossil counterparts, such as light fuel oil and natural gas. The study evaluates the economic impact and other benefits of biomass-based district heating plant located in South-East Finland compared to fossil fuel-based heating plant. Supply and utilization of domestic and regional wood biomass generate local employment and income. It also increases the tax accumulation of municipalities by employing local entrepreneurs. Positive economic impact increases the local welfare and money invested on energy production and fuels utilised for district heating stays in the region. The consumer price of heat also decreases when renewable biomass is utilised. For the investment, the payback time, municipal and state tax revenues are calculated. Positive regional economy also strengthens the vitality of rural areas, which are depopulated quite rapidly in Finland. This is an ongoing study which results will be available during 2021.
Keywords:
biomass, district heating, economical aspect
Topic:
Sustainable Bioeconomy: Impacts and Policies
Subtopic:
Biomass Strategies and Policies Towards a Bioeconomy
Event:
29th European Biomass Conference and Exhibition
Session:
4BV.7.1
Pages:
1213 - 1214
ISBN:
978-88-89407-21-9
Paper DOI:
10.5071/29thEUBCE2021-4BV.7.1
Price:
FREE
