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Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
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Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

Finland facing massive EU fine over deforestation

  • By Al Mayadeen English
  • Source: Agencies
  • 26 Dec 2022 09:35
3 Min Read

Helsinki's ambitious aspirations to become carbon-neutral by 2035 are at risk.

  • x
  • Finland facing massive EU fine over deforestation.
    Finland faces a fine amounting to billions of euros.

Due to the clearing and drying of peatlands, Finland's land use sector has changed from being a carbon sink to a net source of emissions.

The change has been dubbed a "national emergency" by concerned experts and cast serious doubt on the country's aspirations to achieve climate neutrality by 2035.

According to a recent assessment by Finland's Natural Resource Institute, the Nordic country might be hit with a heavy fine of up to billions of euros if it fails to fulfill the EU's net carbon sink objective.

Data reveals that the Finnish land use sector, which is mostly commercial forest, shifted from being a carbon sink to a net source of emissions, as logging activities continue, peatlands dry up. The carbon sink of forests was more than halved as a result of intensifying felling and slowing growth. 

The director of the Center for Sustainable Consumption and Production at the Finnish Environment Institute, Professor Jyri Seppala, minced no words when he called the current situation a “national emergency.”

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Finland will need to pay monetary compensation depending on the exact extent of the carbon sink collapse. The amount ranges up to 160 million tons of carbon dioxide emitted that would otherwise have been trapped by Finnish forests. 

Based on that, the country might be charged up to 7 billion euros ($7.4 billion) if a net decrease in atmospheric greenhouse emissions is not achieved. It was thought "highly unlikely" that there would be any need to provide compensation at all.

Read next: EU law prohibiting imports of products that drive deforestation passed

Depending on their GDP levels and their carbon sink baseline at the beginning of this century, various countries have varying targets. Finland's ambitious aspirations to become carbon-neutral by 2035 would be put in jeopardy if its carbon sink collapsed, which would also cause a devastating financial loss.

Meanwhile, researchers have issued dire warnings about the unsustainable nature of its forestry before. Traditionally, forests have been a major source of economic well-being in Finland, and forestry remains one of the key industries in the Nordic country.

Seven out of ten Finns come from families that own land, and forestry accounts for about one-seventh of Finland's export earnings.

  • Finland
  • Helsinki
  • EU
  • deforestation
  • European Union

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