“Clearing or cutting forests for bioenergy crops releases large stores of carbon into the atmosphere and may reduce ongoing carbon sequestration if the forest was otherwise still growing. Bioenergy crops will absorb carbon that offsets the emissions from their combustion, but it may take decades for this carbon absorption (which offsets emissions) to catch up to the lost carbon storage and forgone carbon sequestration of the forest.”
"The committee’s opinion backs up earlier criticism by environmental groups including Birdlife International and the European Environmental Bureau, which likened the carbon accounting error by European Union officials to a“subprime carbon mortgage that it may never be able to pay back.”"
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