Zagreb, July 31, 2020 – Bio Eco Energy Company d.o.o. (BEECO), a sustainable and innovative Croatian agricultural company, specialized in propagation and distribution of Miscanthus Giganteus, a dedicated biomass crop, today announced that the majority of its shares were acquired by International Group of Companies “NIAR” (NIAR).

Two public reports on land use contribution to climate mitigation have recently been published showing the case for bioenergy as a driver towards a climate-friendly use of land. Bioenergy not only provides direct greenhouse gas (GHG) emission reduction by providing renewable and low carbon energy, but also provides economic incentives to land uses enhancing carbon absorption capacity.

Wood-fired power will actually increase emissions over timescales relevant to the Paris Agreement

Europe is on a journey to phase out coal. Fifteen countries have announced an end to coal burning in their power sectors since 2015. This gives a wealth of policy experience to learn from.

This report contains insight from 20 experts across 10 countries. Together, the policies suggested fit together to solve the puzzle of how to make a good coal phase-out.

For the purpose of Croatian abandoned agricultural areas revitalization, experts from the Faculty of Agriculture, University of Zagreb (Prof. Neven Voća, Ph.D., Assist. Prof. Nikola Bilandžija, PhD, Luka Cerovečki, Mag. Ing. Agr., And Prof. Tajana Krička, Ph.D.) have analysed current state and identified the possibilities of introducing miscanthus to these areas. They concluded that biomass production can have a direct impact on reducing fossil energy and fuel imports, encouraging energy independence and reducing the negative impact on the environment and climate change. In addition, the use of biomass enables the creation of new and saving the existing jobs in rural areas, increases the local and regional economic activities, and generates additional incomes in agricultural production.

Coal is the most carbon intensive fossil fuel and phasing it out is a key step to achieve the emissions reductions needed to limit global warming to 1.5°C, as enshrined in the Paris Agreement. Most emissions from coal are in the electricity sector and, as we already have the technologies that can replace coal, phase out is a relatively cheap and easy option to reduce emissions. Our research shows coal needs to be phased out globally by 2040 to meet the commitments made in Paris.