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Parliament adopted with 479 votes to 97 and 43 abstentions the revision of the regulation on the land use, land use change and forestry sector (LULUCF) which seeks to improve natural carbon sinks to make the EU the first climate-neutral continent by 2050 and improve biodiversity in line with the European Green Deal.
The EU 2030 target for net greenhouse gas (GHG) removals in the land, land use change and forestry sector will be set at 310 million tonnes CO2 equivalent, which is around 15% more than today. This new EU target should reduce the EU’s GHGs in 2030 further from 55% to around 57% compared to 1990-levels.
El reglamento obliga a definir objetivos nacionales vinculantes para 2030 en materia de absorciones y emisiones del sector UTCUTS para todos los Estados miembros.
Member states can purchase or sell removal credits between LULUCF and the Effort Sharing Regulation to reach their targets. A mechanism will also ensure that member states receive compensation if natural disasters, such as forest fires, occur.
EU countries will be obliged to take corrective action if progress towards their target is not sufficient. There will also be a penalty for non-compliance: 108% of the GHG above their 2026-2029 GHG budget will be added to their 2030 target.
March 14, 2023/ EP/ European Union.
https://www.europarl.europa.eu
