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EU lawmakers back including forest absorption to balance CO2 emissions

EU lawmakers back including forest absorption to balance CO2 emissions
From Reuters - September 13, 2017

BRUSSELS (Reuters) - The European Parliament backed a proposal on Wednesday under which EU countries would balance out their carbon dioxide emissions with absorption of greenhouse gases by forests and agricultural land.

The plan, which was passed 532 to 144, requires member states to achieve a balance by 2030. Lawmakers added a proposal that CO2 absorbed should exceed emissions from 2030.

We should keep in mind that since we will not be able to completely stop our greenhouse gas emissions in industry but need to reduce them drastically, our forests need to remove more than they emit, Norbert Lins, the European Parliaments lead negotiator on the dossier, said.

The base reference level for each state will be determined by an estimate of average emissions and absorption of a countrys managed forests.

If absorption exceeds emissions for a first five-year period, the credit could be banked for a second five-year period until 2030.

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