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Annual Greenhouse Gas Annual Greenhouse Gas LULUCF Annual Greenhouse
Sequestration of Our Forests Sequestration of Processed Gas Sequestration
(CO equivalent - Kt) Forest Products (CO equivalent - Kt)
2
2
(CO equivalent - Kt)
2
2015 -62,971.91 -12,541.04 -72,944.73
2016 -62,470.46 -13,101.86 -73,313.39

2017 -65,418.86 -12,133.31 -75,160.71

2018 -60,216.40 -11,973.45 -69,886.35

2019 -54,079.21 -11,215.10 -62,911.78

2020 -48,400.98 -11,280.86 -57,246.40

2021 -35,101.71 -15,725.04 -48,419.66

Graph 27 Annual Amount of Greenhouse Gas Sequestered by the LULUCF Sector (Kilotonnes CO Equivalent) (General
2
Directorate of Forestry, 2024)

Forests Processed Wood Products LULUCF Total

B.6. Climate Finance and Incentives

Climate finance is a type of finance provided from public, private and alternative finance sources
aiming to support climate change mitigation and adaptation efforts. Climate finance is one of
the most important tools to meet the need for large-scale investments in mitigation and adap-
tation.

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