EU strikes deal to reduce consumption of deforestation-linked commodities

EU strikes deal to reduce consumption of deforestation-linked commodities

In agreement, rules were established for operators who “place, make available or export” natural products

The European Council, the body that sets the political agenda of the European Union (EU)agreed this Tuesday, 28, with a proposal to limit the entry and export of commodities whose production has contributed to “deforestation or forest degradation” worldwide.

Under the agreement, rules have been established for operators who “place, make available or export” palm oil, beef, wood, coffee, cocoa and soy, as well as certain derivatives such as leather, chocolate and furniture.

“We must ensure that the products we consume in Europe do not contribute to the depletion of the planet’s forest reserves. The innovative text that we have adopted will make it possible to fight deforestation within the EU, but also outside it. This is a big step forward that also illustrates our ambition for the climate and biodiversity”, said the Minister for Energy Transition of France, Agnès Pannier-Runacher.

According to the European Council communiqué, the EU political leaders also agreed to “simplify and clarify” the environmental due diligence system that governs commodity market activity. A comparative assessment system was also adopted, which classifies the risk of deforestation for certain productions into three different levels.

Estadão Content

Related post

Abroad acquisition?  M. Dias Branco’s plan to extend income in {dollars} and scale back wheat prices

Abroad acquisition? M. Dias Branco’s plan to extend income…

The company’s CFO and DRI participated in an InfoMoney live and talked, among other things, about reducing the size of packages…
Consumption in Brazilian Properties ends the semester up 2.20%

Consumption in Brazilian Properties ends the semester up 2.20%

To face inflation, consumers made more planned purchases The Consumption Index in Brazilian Homes, measured by the Brazilian Association of Supermarkets…
Your M&A deal imploded: now what?

Your M&A deal imploded: now what?

Elon Musk’s announcement of acquiring Twitter in a $44 billion deal last April drew attention, but it was his decision to…

Leave a Reply

Your email address will not be published.