INTIEALithuania · Economic Recovery and Resilience "New Generation Lithuania" / Green Transition / Reaching GHG emissions targetsPolicyIn force

Economic Recovery and Resilience "New Generation Lithuania" / Green Transition / Reaching GHG emissions targets

The "Reaching GHG Emissions Targets" measure of the Green Transition part of the National Resilience and Recovery Plan aims to reduce GHG emissions from former drained degraded peatlands, restore wetland processes in these areas, create favourable conditions for biodiversity…

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Country / jurisdiction: Lithuania · Year: 2021 · Status: In force · Level: National · Type: Voluntary

The "Reaching GHG Emissions Targets" measure of the Green Transition part of the National Resilience and Recovery Plan aims to reduce GHG emissions from former drained degraded peatlands, restore wetland processes in these areas, create favourable conditions for biodiversity habitats, and increase GHG uptake.

Lithuania will invest 832.1 million EUR with EU funds to implement its Green Transition, with an additional 169.2 million EUR from alternative EU finance instruments, 257.44 million EUR from private legal entities and 45.26 million EUR from its national budget. The investment will create favourable conditions for the preservation of the peaty soil layer and the restoration of the hydrological one.

Official source: https://finmin.lrv.lt/uploads/finmin/documents/files/Naujos%20kartos%20Lietuva_2021_05_14.pdf

Source

https://www.iea.org/policies/13685

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