Abstract: Introduction: policy context•Impact Assessment: options, models, examples•Proposal for Effort Sharing Regulation and LULUCF Regulation•Conclusions and Outlook: more work for modellers 1. Fully in line with Paris Agreement, no backsliding on robustness and transparency2.Provides for continuity•Addresses Member States and not individual farmers or foresters•Stand-alone LULUCF pillar•No-debit rule (from KP)•Flexibility within LULUCF and from ESR to LULUCF3.Proposes limited innovations•Flexibility to the ESR up to 280 mt CO2•Aligning accounting rules (AF,CM/GM)•Defining EU-internal process to set national forest management levels•Simplifying administrationConclusions (2)