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Climate change

EIB to Finance Croatian State Forest Company's Climate Adaptation and Sustainable Forest Management Programme

Strategic Insights

— 1 min read

The European Investment Bank (EIB) will provide EUR 50 million in funding for the Croatian State Forest Company's investment programme in climate adaptation, forest restoration, sustainable forest management, and value chains in Croatia. The programme aims to enhance the quality, sustainability, and climate change resilience of forest ecosystems through investments in sustainable forest management, afforestation, forest restoration, forest protection, wildfire prevention, and infrastructure. The project will ensure continued compliance with environmental directives and procurement legislation.

Key Takeaways:

  • The EIB will provide EUR 50 million in funding for the Croatian State Forest Company's investment programme in climate adaptation and sustainable forest management.
  • The programme aims to enhance the quality, sustainability, and climate change resilience of forest ecosystems through investments in sustainable forest management, afforestation, forest restoration, forest protection, wildfire prevention, and infrastructure.
  • The project will ensure continued compliance with the requirements of the Environmental Impact Assessment (EIA) Directive 2011/92/EU, Birds Directive 2009/147/EC, and Habitats Directive 92/43/EEC.
  • The project will also adhere to EU procurement legislation, Directive 2014/25/EU, as well as Directive 92/13/EEC, as interpreted by the Court of Justice of the EU.
  • The Croatian State Forest Company has to ensure that contracts for implementation of the project are tendered in accordance with applicable EU procurement legislation.
  • The project is expected to be implemented between 2025 and 2029.

Statistics:

  • EUR 50 million: EIB funding for the Croatian State Forest Company's investment programme.
  • EUR 100 million: Total cost of the project.
  • 2025-2029: Period of implementation for the project.
  • 2021/92/EU: Year of the Environmental Impact Assessment directive.
  • 2009/147/EC: Year of the Birds Directive.
  • 92/43/EEC: Year of the Habitats Directive.

Sources:

  • European Investment Bank (EIB)
  • Directive 2011/92/EU: Environmental Impact Assessment Directive
  • Directive 2014/52/EU: Amendment to the Environmental Impact Assessment Directive
  • Directive 2009/147/EC: Birds Directive
  • Directive 92/43/EEC: Habitats Directive

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