PenInfo Desk: The European Commission has approved, under EU State aid rules, a €200 million German scheme for climate-adapted forest management. On Tuesday (10 Dec) The EU Commission approved this fund.

The scheme aims to strengthen the resilience of German forests, increase their biodiversity & preserve them as natural carbon sinks that can absorb and store CO2 emissions from the atmosphere.

The measure is proportionate, necessary & suitable to boost sustainable forestry practices, the commission said in a press statement.

The money should be used to foster the implementation of sustainable forestry practices.

Examples of sustainable forest management include “a native and climate-adapted tree species composition, improving the internal forest climate, protecting the forest soil and preserving habitat trees,” the statement wrote.

The support scheme will run until the end of 2026.

Strict rules apply in the European Union when a member state wants to support companies with subsidies or tax benefits. The commission monitors compliance with these rules.

Source: “dpa”, Editing by Rishan Nasrullah

Peninfo/desk/11.12.24/11.51pm