Finland secures leeway in deal on forestry CO2 rules

Finland will receive compensation equivalent to 10 million tonnes of CO2 emissions for its forestry sector in reforms to rules on land use, land use change and forestry (LULUCF) agreed by EU lawmakers on Thursday.

The agreement enshrines a ‘no debit rule’ into the regulation, binding EU member states to guarantee that their total emissions from the sector are in balance and do not exceed CO2 removals, the EU Council said after reaching a compromise deal with MEPs.