Approval covers planting between now and end of 2027 as Government seeks green light for wider €1.3bn plan
“Under the scheme, the aid will take the form of direct grants covering up to 100 per cent of the eligible costs,” said the commission.
Both the commission and the Department of Agriculture, Food and the Marine, which hands out the grants, confirmed that the aid approved was only for the afforestation element of the €1.3 billion plan. Officials also noted that the €308 million covered grants and premiums given from 2023 to 2027 only. “Premiums will be paid for up to 20 years to cover the full afforestation commitment for new planting,” they added.
Government plans to cut greenhouse gas emissions include planting new forests, as trees soak up carbon dioxide, the substance most responsible for heating the atmosphere.
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