The European Parliament has approved a new law increasing the EU carbon sink target for land use and forestry. The new law seeks to improve natural carbon sinks and biodiversity in line with the European Green Deal, with the goal of making the EU the first climate-neutral continent by 2050. The new target should reduce greenhouse gases in the EU in 2030 by up to 57% compared to 1990. In addition, all EU member states will have nationally binding 2030 targets for removals and emissions from LULUCF, and monitoring, reporting, and verification of emissions and removals will be improved. Non-compliance with the targets will result in a penalty.
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