Efforts to Curb Carbon Footprint Benefit Global Wood Pellets Market
The global wood pellets market was worth US$6.2 bn in 2014. Due to increasing concerns about the utilization of non-renewable energy sources causing deterioration of the environment, alternative energy sources are sought. Wood pellets have proven to be a stellar substitute for fossil fuels and have helped curb greenhouse gas emissions considerably. The lower cost of wood pellets than other conventional fuels adds to the advantages of the utilization of the commodity for power and heat generation purposes.
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