The European Investment Bank is unveiling a €200m investment in Irish forestry today.
Just under 10% of Irish land is forest, one of the lowest ratios in the EU.
Sweden tops the European league with close on 70% of land under forest.
EU Agriculture Commissioner Phil Hogan says this investment package will bring many benefits to the environment and Irish economy: "Forestry plays a major role in protection of our biodiversity.
"It represents a key sector in what we are trying to do in transitioning from an economy to a low carbon and climate friendly economy.
"So continued investment in the sector, is a win win in so many different ways for our local commuities, of our environment and for our economy."