Legal News

Parliament approves stronger carbon sink targets to boost climate action and biodiversity

Published on: 15 March 2023
Published by LNB News

LNB News 15/03/2023

Document Information

Issue Date: 15 March 2023

Published Date: 15 March 2023

Jurisdiction(s): United Kingdom

Article summary

The European Parliament has approved a revision of the regulation on the land use, land use change and forestry sector (LULUCF) that aims to increase natural carbon sinks and reduce greenhouse gas (GHG) emissions. The new law will set the EU’s 2030 target for net GHG removals in the LULUCF sector at 310 million tonnes CO2 equivalent, around 15% more than current levels, and reduce EU greenhouse gases in 2030 by up to 57% compared to 1990 levels. All EU Member States will have nationally binding 2030 targets for removals and emissions from LULUCF, and monitoring and reporting requirements will be improved. The text still needs to be formally endorsed by the European Council.

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