Dáil Éireann Debate, Tuesday - 25 October 2022
738. Deputy Martin Browne asked the Minister for Agriculture, Food and the Marine if he will consider allowing foresters to count their plantations in terms of carbon credits; if he will consider this course of action to be a recognition of the contribution that foresters make in the area of carbon sequestration as part of the climate action plan; and if he will make a statement on the matter. [52824/22]
Amharc ar fhreagraForests and the establishment of new forests play an important role in removing carbon dioxide from the atmosphere.
The Climate Action Plan 2021 commits to the development of an enabling framework for the potential trading of carbon credits, and which rewards farmers for emissions reductions and carbon removals, including through potential private sector investment.
Like many other EU countries, Ireland is beginning to develop experience and knowledge in this area. The Woodland Environmental Fund (WEF) run by the Department is an early example of an initiative which facilitates private businesses making a payment for ecosystem services, including carbon capture when new native woodlands are established under the Afforestation scheme. This model works well and demonstrates a willingness of the private finance sector, in addition to afforestation grants and premiums, to reward farmers for activities that remove carbon.
Carbon farming, including land uses such as forestry can provide a number of opportunities for farmers to derive a new income stream for their farm. This is an initiative that the EU and Government want to see happen. I am very excited to see this model develop in the time ahead and I will ensure that farmers are at the very centre of this development.
I would also note that this Government has secured an additional €12 million in Budget 2023 for Forestry to reach a total budget of €112m, and my Department is currently in detailed discussion with the Department of Public Expenditure and Reform to agree grant and premium rates for a new Forestry Programme. This increased allocation recognises Governments commitment to forestry and recognises the important role of farmers and foresters in the establishment of new forests and their contribution to climate targets.
