Publication of Circular and Notice of General Meeting in relation to proposed acquisition of flexible, low-carbon and renewable UK power generation from Iberdrola
Dorothy Thompson, Drax Group CEO, said:
“The findings from this independent report are significant. The research focuses on the US South where we source the majority of the compressed wood pellets we use to produce 16% of the UK’s renewable electricity – enough to power four million homes.
“It demonstrates quite clearly that the forests in this region are growing – not declining. And Forest2Market’s analysis also shows that having a healthy market for forest products incentivises landowners to grow more trees, which in turn increases productivity and the carbon storage in these forests.
“Our operations are therefore contributing not only to reducing emissions, but also in ensuring these forests grow and provide more economic security for local people.”
Read the full report: Historical Perspective on the Relationship between Demand and Forest Productivity in the US South. An At A Glance version plus an Executive Summary are also available as a separate documents.