First? You need fallow land, in case of lower yields due to drought/etc, and this includes world wide issues such as war.
Second? Crop rotated, tiled (drained) land, and land with all the rocks, tree roots cleaned out is as gold.
Reverting emergency spare land back to trees is the very last thing anyone should want. Every other climate issue should be resolved first.
This is just plain dumb.
As you know, the reason for this is to improve water quality, or at least stop the decline. Do you have any thoughts about how to achieve that goal?
Regarding global warming and CO2, the area conversion of peatlands will help, but the major change here is the introduction of a carbon tax for the entire agricultural industry. And to end confusion regarding other emissions than CO2, it's actually a CO2-equivalent (CO2e) tax, which includes a range of other gasses. E.g., 1kg of methane is 25kg CO2e.
If you'd like to read more, see the two PDF documents below, which are the main official documents. They're in Danish, but upload them to Claude or ChatGPT, and you'll have a much better source of information if you'd like to know more about the specifics and how the actual implementation is planned :)
[1] https://www.regeringen.dk/media/13261/aftale-om-et-groent-da...
[2] https://mgtp.dk/media/iinpdy3w/aftale_om_implementering_af_e...