EU lawmakers approve CO2-cutting targets and expanding forest carbon sinks

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EU lawmakers approve CO2-cutting targets and expanding forest carbon sinks
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The European Parliament gave its final approval on Tuesday to tougher national targets to cut emissions in some sectors, and expand CO2-absorbing natural ecosystems like forests.

Richer countries face tougher targets, with Denmark, Finland, Germany, Luxembourg and Sweden facing 50% emission cuts, versus Bulgaria's 10% goal. The new law also tightens the amount of emissions savings from past or future years that countries can "bank" and "borrow" to meet their targets.

The aim is to reverse a recent decline in Europe's carbon sinks, which can be done by recreating old forests or generating new ones, rewetting peatland or changing farming practices such as reduced tilling to trap more carbon in the soil.

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