In a letter to the European Commission, seven political groups of the European Parliament have demanded that forests not be used to offset emissions. They state that “LULUCF removals cannot compensate for man-made GHG emissions”. Furthermore, the MEPs demand regular quality checks and compliance mechanisms, especially for forestry, to be included in the upcoming proposal for a new Effort Sharing legislation for 2021-2030.
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However, as stated in an article by Reuters, several countries are supporting the idea to use forests as emission offsets, among them Poland and Finland – both countries home to vast forests. These countries argue that by accounting for forestry separately they can cut emissions.
T&E welcomes the initiative by the European Parliament.
After declaring itself a ‘climate bank’, the EU investment bank still financed new roads and airport expansions.
T&E's analysis of gaps and opportunities for the European Investment Bank’s transport lending.
T&E has joined airlines, e-SAF producers and NGOs in highlighting the strategic role e-SAF can play in boosting European competitiveness, autonomy and...