Introducing THE ECONOMICS OF AFFORESTATION AND MANAGEMENT IN IRELAND: FUTURE PROSPECTS AND PLANS 2022 report by Prof Cathal O’Donoghue from the University of Galway; BiOrbic SFI Research Centre.

The report presents key insights into the national afforestation policy, its success and challenges, and the potential of afforestation for carbon sequestration. The report also explores the economic benefits of planting forestry for various farm systems and the need to link afforestation plans with agricultural plans.

With supply chain issues and fuel and food price inflation, inflation has returned to levels unseen since the 1980s, and afforestation has declined substantially in recent years, with 2021 planting only 8% of the peak in 1995. However, afforestation is crucial to meet climate action objectives associated with global warming. Modelling scenarios show that reaching carbon neutrality by 2050 requires about 18% of the land area to be afforested, consistent with the Department of Agriculture, Food, and the Marine’s goal.

To help you navigate the challenges and opportunities in the forestry sector, we invite you to download this report. Gain insights into the economic benefits of afforestation, the potential for carbon sequestration, and the need to link afforestation plans with agricultural plans.