200m investment in Irish forestry

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."

More in this Section

Trade talks with China 'made headway', says US envoy

HSE settles action against Hickey group of pharmacies

Unions: Workers must be protected in the event of no-deal Brexit

Construction firms 'experiencing severe difficulties in hiring workers'


Away with red tape!

Review: Post Malone in Dublin - Not music to change your life but tremendous fun

Review: Ariana Grande - Thank U, Next is a rollercoaster you’ll want to stay with

Travel digest with Barry Coughlan

More From The Irish Examiner