You are here

Japan's green incentives chop down palm trees in search for fuel

Palm oil popular as biomass because facilities that burn it are among the cheapest to build

In deciding the value of palm oil, the sums need to account for extra emissions caused by the draining and burning of carbon-rich swamps known as peatlands and tropical forests that are destroyed to make way for oil palm trees, according to the Union of Concerned Scientists.


WHAT started as a way to cut Japan's dependence on imported fossil fuels has led to an expected surge in a different and equally controversial shipment: palm oil.

Government incentives instituted in the wake of the Fukushima disaster in 2011 guarantee prices for power...

Market voices on: