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Al Mayadeen's correspondent in South Lebanon: Israeli drone strikes town of Harouf, Nabatieh district.
Factions' statement: The attendees agreed to support and continue implementing the ceasefire agreement measures, including the withdrawal of the occupation and lifting the siege.
Factions' statement: Calling for an end to all forms of torture and violations against prisoners in occupation prisons and the necessity of obligating the occupation to do so.
Statement: The current moment is crucial, making the meeting a true turning point toward national unity in defense of our people and their right to life, dignity, and freedom.
Factions' statement: Call for an urgent meeting of all Palestinian forces and factions to agree on a national strategy.
Factions' statement: Continuing joint work to unify visions and positions to confront the challenges facing the Palestinian cause.
Statement of the factions: Emphasis on the unity of the Palestinian political system and the independent national decision.
Statement: Approval to establish an international committee to oversee the financing and implementation of the reconstruction of the Gaza Strip.
Statement: The committee is responsible for managing life and services in cooperation with Arab brothers and international institutions, based on transparency and accountability.
Resistance factions' statement: Agreement to hand over the administration of the Gaza Strip to a temporary Palestinian committee of independent technocrats.

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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