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Commodity prices were steadier on Thursday after the International Monetary Fund rai...

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RWE AG

07 Jun

Wood Is New Coal as Polluters Use Carbon-Eating Trees

Posted by cahn in Albrecht von Sydow, American Electric Power Inc., Barack Obama, Barclays Capital, Berlin, California, Delphine Saucier, Denmark, Deutsche Bank, Dresdner Kleinwort, Edvard Lind, electricity, Elliot Campbell, Endesa SA, energy, EUR, Europe, European Union, Frankfurt, Germany, Guillermo Errea, Hamburg, Heinrich Unland, House of Representatives, Jared Diamond, Jeremy van Loon, John Perlin, Josef Auer, jvanloon@bloomberg.net.Last, Konrad Boecker, Madrid, Mediterranean, New York, Novus Energy GmbH, Ohio, oil, Paris, Roman Baths Romans, Rome, RWE AG, Spain, Stockholm, Trevor Sikorski, United Nations, United Nations Food and Agriculture Organization, United States, University of California, USD, Vattenfall AB, western Europe, Woodstone, www.bloomberg.com/apps/news?pid=20601086&

June 2 (Bloomberg) -- Wood is becoming a hot commodity in a new low-carbon world.

Power companies are burning more trees because the renewable fuel can be cheaper than coal and ignited without needing permits to release carbon dioxide, the main greenhouse gas blamed for global warming.

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