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Taxonomy Regulation as a New Instrument for the Sustainable Management of the Forest Environment in Europe

cris.virtual.author-orcid0000-0002-4867-195X
cris.virtual.author-orcid0000-0003-2517-5766
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cris.virtual.author-orcid0000-0001-6285-2119
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cris.virtualsource.author-orcid967fa7d1-4c38-4575-b64e-995793f63619
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cris.virtualsource.author-orcid9ac08db6-b765-47e6-bb26-ca12939523df
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dc.abstract.enRegulation (EU) 2020/852 of the European Parliament, also known as the Taxonomy Regulation, facilitates environmentally sustainable investments. It is part of the concept of the European Green Deal and a ‘tool’ for financial institutions, enterprises, and investors, facilitating the assessment of the environmental impact of a particular project. The Regulation contains the criteria an activity must meet to be considered environmentally sustainable. The role of the Taxonomy Regulation is to enable the flow of public and private capital towards ecological and sustainable activities. The document does not need to be implemented into the legal order of individual EU member-states, which results in its direct application. The main financial instruments enabling the achievement of the goals of the Taxonomy Regulation may be green bonds and other forms of capital raising by entrepreneurs and forest ownership structures. The assumption of the Regulation is to achieve the principles of sustainable environmental activity when spending funds obtained from private investors. It is an issue of key significance to identify the areas of management and financial accounting in the operational activities of forest enterprises that can be qualified for the Taxonomy Regulation. Forestry activities, including the processes mentioned therein, the objectives of the New EU Forest Strategy, and the LULUCF Regulation, are to play an essential role in reducing greenhouse gas emissions. The role of forestry in the supply chain in its broad sense is also considered. Forestry and forest management can receive capital for sustainable development due to the threat resulting from exclusions that strengthen the protective function of the forest (the protection of biodiversity). These processes will occur at the expense of production and numerous social functions.
dc.abstract.languageen
dc.affiliationWydział Leśny i Technologii Drewna
dc.affiliation.instituteKatedra Mechanicznej Technologii Drewna
dc.affiliation.instituteKatedra Ekonomiki i Techniki Leśnej
dc.affiliation.instituteKatedra Urządzania Lasu
dc.contributor.authorBrożek, Jarosław
dc.contributor.authorKożuch, Anna
dc.contributor.authorWieruszewski, Marek
dc.contributor.authorJaszczak, Roman
dc.contributor.authorAdamowicz, Krzysztof
dc.date.access2024-10-24
dc.date.accessioned2024-10-24T06:25:08Z
dc.date.available2024-10-24T06:25:08Z
dc.date.copyright2024-10-11
dc.date.issued2024
dc.description.abstract<jats:p>Regulation (EU) 2020/852 of the European Parliament, also known as the Taxonomy Regulation, facilitates environmentally sustainable investments. It is part of the concept of the European Green Deal and a ‘tool’ for financial institutions, enterprises, and investors, facilitating the assessment of the environmental impact of a particular project. The Regulation contains the criteria an activity must meet to be considered environmentally sustainable. The role of the Taxonomy Regulation is to enable the flow of public and private capital towards ecological and sustainable activities. The document does not need to be implemented into the legal order of individual EU member-states, which results in its direct application. The main financial instruments enabling the achievement of the goals of the Taxonomy Regulation may be green bonds and other forms of capital raising by entrepreneurs and forest ownership structures. The assumption of the Regulation is to achieve the principles of sustainable environmental activity when spending funds obtained from private investors. It is an issue of key significance to identify the areas of management and financial accounting in the operational activities of forest enterprises that can be qualified for the Taxonomy Regulation. Forestry activities, including the processes mentioned therein, the objectives of the New EU Forest Strategy, and the LULUCF Regulation, are to play an essential role in reducing greenhouse gas emissions. The role of forestry in the supply chain in its broad sense is also considered. Forestry and forest management can receive capital for sustainable development due to the threat resulting from exclusions that strengthen the protective function of the forest (the protection of biodiversity). These processes will occur at the expense of production and numerous social functions.</jats:p>
dc.description.bibliographyil., bibliogr.
dc.description.financepublication_nocost
dc.description.financecost0,00
dc.description.if3,3
dc.description.number20
dc.description.points100
dc.description.versionfinal_published
dc.description.volume16
dc.identifier.doi10.3390/su16208799
dc.identifier.issn2071-1050
dc.identifier.urihttps://sciencerep.up.poznan.pl/handle/item/1927
dc.identifier.weblinkhttps://www.mdpi.com/2071-1050/16/20/8799
dc.languageen
dc.pbn.affiliationforestry
dc.relation.ispartofSustainability
dc.relation.pagesart. 8799
dc.rightsCC-BY
dc.sciencecloudsend
dc.share.typeOPEN_JOURNAL
dc.subject.enforestry
dc.subject.entaxonomy
dc.subject.enfinancing
dc.subject.enCO2 emission
dc.subject.ensustainable development
dc.titleTaxonomy Regulation as a New Instrument for the Sustainable Management of the Forest Environment in Europe
dc.title.volumeUrban Green Space and Sustainable Forest Management
dc.typeJournalArticle
dspace.entity.typePublication
oaire.citation.issue20
oaire.citation.volume16