Austria

Forest Fund Act

Legislative

Act

Passed in 2020

Pursuant to section 1, the objectives of this Act are to compensate forest owners for damage caused by climate change, particularly bark beetle proliferation; to reduce the infestation of Austrian forests by bark beetles; to develop climate-smart forests and strengthen biodiversity; and to strengthen the use of wood as a raw material in order to actively contribute to climate protection.

To reach these objectives, section 2 sets up a forest fund for which 350 million euros shall be made available from federal funds.

Documents

Consolidated version (html) (German)