Wood pellets burnt to generate energy drive deforestation in Southeast Asia, emit more CO2 per unit of energy than fossil fuels and support the Ukraine conflict, environmentalists said in an open letter to Korea's trade ministry.
The region's largest sustainability solutions platform attracted more than 1,000 submissions from over 100 countries in record-breaking year, with solutions ranging from sustainable aviation fuels to insect-based proteins.
The international trade body backed the EU’s decision to impose rules against palm oil as a biofuel due to emission risks but said the bloc failed to properly implement them, validating complaints by trade partner Malaysia.
Global demand for sustainable aviation fuel still outstrips supply, in part keeping prices sky high. Challenges in sourcing raw materials in biomass-rich Southeast Asia could lead to tensions and competition.