Chile has established its goal of carbon neutrality by 2050 in the Draft Framework Law on Climate Change. This goal implies an ambitious reduction in emissions by 2050, going from 130 million tons of CO (in the baseline scenario) to 65 million tons of CO2 in a carbon neutrality scenario in which, by the year 2050, these emissions will be neutralized through captures in our forestry sector (Figure 10). As part of this roadmap, the new NDC establishes intermediate targets for the year 2030 to ensure progress toward carbon neutrality. To this end, its integration component defines specific targets for the forestry sector (detailed in the next section), and its mitigation component for GHG-emitting sectors states that emissions will peak no later than the year 2025, that there will be a national budget of 1.1 billion tons of CO between 2020 and 2030, and that emissions will reach a maximum level of 95 million tons of CO by 2030. For the corresponding period between 2020 and 2050, it is estimated that the indicative national budget will be 2.6 billion tons of coz The economic assessment of this exercise showed the benefits of taking the path towards neutrality for Chile (see Chapter 7).