Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

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.”

Related News

Finland to withdraw from Ottawa Convention, cites 'security concerns'

Four US soldiers killed in Lithuania, NATO secretary general says

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

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemeni air defenses repel substantial part of Israeli aggression

Yemeni air defenses confront Israeli aggression on Hodeidah

  • Politics
  • 7 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS