Source: European Parliament
1. Regulation (EU) 2018/841[1] introduces an EU-wide net removals target for the Land Use, Land Use Change and Forestry (LULUCF) sector in 2030, aiming to increase the EU’s net removals by about 15% and reverse declining trends. The EU target results in binding net carbon removal national targets, leading to a better performance of the LULUCF sector in all Member States who are responsible to implement the appropriate policies and measures to achieve these targets. The Commission is annually assessing Member States progress under the LULUCF Regulation and Finland may be required to submit a corrective action plan in case of insufficient progress. As the compliance exercise will take place in 2032, t he Commission is not yet in a position to give a more precise answer.
2. The Commission has no jurisdiction to impose requirements on the forest industry with respect to logging practices, provided EU relevant legislation[2] is respected. Regulation (EU) 2024/3012[3] creates a voluntary framework for certifying carbon removals, carbon farming and carbon storage in products across Europe, that will facilitate investment in sustainable carbon farming solutions, including forestry holdings.