There is increasing concerns about carbon emissions and their financial repercussions. We explore how biomass wood fuel not only mitigates carbon tax expenses but also future-proofs your company's energy systems.
Carbon taxation is on the rise, businesses are feeling the financial pressure due to their carbon emissions. The cost of carbon tax, currently around $50 per ton of CO2 released, is taking its toll on companies that rely on non-renewable energy sources.
For instance, coal, a notorious carbon culprit, emits a staggering 3.67 tons of CO2 per ton burned. Beyond the environmental implications, this translates to a hefty financial burden – an additional $183 paid in carbon tax per ton, not to mention the expenses of transport and purchasing the coal itself.
Unlike coal and other carbon-based fuels, the combustion of biomass wood fuel only releases the CO2 previously absorbed by trees during their growth. This means no additional carbon tax.
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One of the most compelling reasons to consider biomass wood fuel is its ability to future-proof your energy systems. With an ever-increasing emphasis on sustainability, investing in biomass wood fuel is an investment in a greener tomorrow.
The ability to replant trees means that wood fuel can be sustained indefinitely. Sustainable forestry practices ensure that the rate of tree harvesting does not exceed the rate of replanting, maintaining the long-term health of forests and their capacity to provide wood fuel.
When obtained from local sources, it competes favorably with other fuel options like oil, coal, and natural gas. Furthermore, when used for heating purposes, it can be the most cost-effective choice among various renewable energy alternatives.
Conversely, coal is non-renewable because it is a fossil fuel formed from the remains of ancient plants and organic matter over geological time frames, often millions of years. Once coal deposits are mined and consumed, they cannot be naturally regenerated in one's lifetime.
The initial step in implementing a wood fuel system within your organization involves conducting a feasibility assessment. This assessment serves to determine the economic viability of the project. You have the flexibility to carry out this assessment internally or opt for an external consultant. Azwood has more than 40 years of experience in the fuel industry and we can inform you on your options, recommend a fuel supply and help you make the right decision for your business.
Current heat plant: Assessing the age, type, and rated output of your existing heating system.
Boiler conversion: Examining the feasibility of adapting your existing boiler for wood fuels and comparing upgrade costs for pellets or chips.
Energy costs: Analyzing your current energy expenses and projecting future costs, including wood fuel.
Economic viability: Evaluating the capital and operational expenses associated with a wood-based system in comparison to other alternatives.
Fuel supply: Determining whether your organization is situated in an area with accessible wood fuel supply and if suppliers can provide suitable boiler fuel.
CO2 emissions: Assessing current emission levels.
Air shed issues: Investigating whether your current energy system contributes to local air quality issues.
Resource Consent: Identifying the resource consent requirements for your existing and future systems.
Fuel Storage: Ensuring your site is adequate for wood fuel storage or considering potential upgrades.
Information sourced from Bioenergy
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