When Bioeconomy Development Becomes a Biomass Energy Competitor

Abstract

Biomass is an essential pillar of the bioeconomy as it serves as its main resource. Biomass energy plays an important role in energy sector. According to long wave theory, a sharp breakthrough in biotechnology is due over the next few years. As the price for energy wood increases, wood as a resource will not be sustainable in energy sector. In the case of Latvia, the price of energy wood as a resource is predicted to increase from 0.04 EUR/kWh to 0.12 EUR/kWh per unit of energy.