Findings published in the Commission’s study reveal a number of EU countries understated their logging goals in 2013-2014 to win carbon emission credits they used to emit extra 120 million tonnes of gases, Euractiv reported.
The European Union’s executive body has urged to plug the loophole in the forestry rules that allowed basing credit calculations on predictions of future harvesting and proposed matching assessments to past logging.
The analysis was carried out to uphold the Commission’s Effort-Sharing Regulation, a bill that will set binding annual greenhouse gas emission targets for EU members states between 2021 and 2030.
The European Union has pledged to cut its carbon emissions by a combined 40 percent from 1990 levels by 2030 under a Paris agreement on climate change. The 2015 climate pact seeks to rein in rising global temperatures.
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