Forestry as a tool to counter climate change: MEPs strike deal with Council | WPN World People News

● CO2 emissions and absorption must balance out by 2030

● Managed wetlands included in accounting scheme

● Accounting rules will not bind or restrict private owners

Plans to cut greenhouse gas emissions and boost absorption from forests as a way to tackle climate change were informally agreed by Parliament and Council on Thursday(December 14).

“Two years after the conclusion of the climate change agreement in Paris, we have achieved a major success for the EU's climate commitments, on December 14. We have now put another pillar of our climate policy into concrete terms”, said lead MEP Norbert Lins (EPP, DE).

“Forest management should continue to be active and sustainable in the future, as this is the only way to ensure that it has a positive impact on ecology and economy. We have found a credible balance between flexibility and comparable accounting rules for the 28 member states. Having the countries in charge of this issue will ensure that the principle of subsidiarity is fully respected. In addition, these requirements relate exclusively to member states and will not bind or restrict owners”, he added.

The proposed law would lay down rules under which EU countries have to ensure a CO2 emissions are balanced by CO2 absorption by forests, croplands and grasslands. MEPs ensured that managed wetlands will also be included in the accounting system, given that they, too, store important quantities of CO2.

MEPs bolstered these provisions by adding that from 2030, member states should boost CO2 absorption to exceed emissions, in line with the EU’s long-term objectives and the Paris Agreement.

Removing extra CO2 = credits

If more CO2 is absorbed than emitted by land use in the first 5-year period (2021-25), this credit can be “banked” and used later, to help achieve goals for the second five-year period (2026-30). Member states may also use part of such credits to comply with emission reduction targets under the Effort Sharing Regulation.

Member states will account for their emissions, with the target of balancing the emissions and removals to be met in both the two five-year periods. If a member state does not meet its commitment in either period, the shortfall will be deducted from its allocation of credits under the Effort Sharing Regulation.

Source: European Parliament