EMEA > Compliance Markets & Taxes > Finland risks huge EU fines over carbon sink collapse, say experts

Finland risks huge EU fines over carbon sink collapse, say experts

Published 19:03 on December 22, 2022 / Last updated at 19:23 on December 22, 2022 / / EMEA (Compliance Markets & Taxes, Europe), Nature-based Carbon (Other NbS)

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Finland is likely to fail to meet its net carbon sink target under the EU's land use regulation (LULUCF), researchers said in a report published this week that concluded the country would face massive costs either from fines or from having to buy allowances from other member states.
Finland is likely to fail to meet its net carbon sink target under the EU's land use regulation (LULUCF), researchers said in a report published this week that concluded the country would face massive costs either from fines or from having to buy allowances from other member states.


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