| Sourced From Bloomberg.com |
Nov. 22 (Bloomberg) — Europe is wasting an opportunity to use its farms and forests as carbon collectors, a study said.
The regions forests and grasslands, used by companies including papermaker UPM-Kymmene Oyj and milk-producer Parmalat SpA, are too intensively managed and release greenhouse gases instead of storing them, according to a study by Germanys Max- Planck Institute published today in the journal Nature.
Properly managed, the European Unions fields and trees could absorb 111 million tons of CO2, the equivalent of 11 percent of the regions emissions from burning fossil fuels. Instead, the land releases 34 million tons of greenhouse gases, the report said.
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