Despite weak momentum at the moment, energy from sources such as wood, manure and agricultural by-products could go a long way toward replacing coal in Europe over the next two decades, a leading consultancy says.

In its latest industry insight, McKinsey & Company acknowledged that biomass based energy, or bioenergy, has struggled to gain traction in Europe but says the sector should not be discounted as significant improvements are possible without requiring new technological breakthroughs. “Like all renewable energy in the European Union, bioenergy has struggled…