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Reading: EU suggests postponing important Deforestation Law due to pressure from industry
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Gulf Press > World > EU suggests postponing important Deforestation Law due to pressure from industry
World

EU suggests postponing important Deforestation Law due to pressure from industry

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Last updated: 2024/10/07 at 9:14 PM
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The European Commission’s decision to postpone anti-deforestation regulations has sparked criticism from environmental NGOs. The proposed one-year delay to the European Deforestation Regulation (EUDR) has raised concerns about the impact on global deforestation. The regulation, targeting products like cocoa, coffee, soy, palm oil, timber, rubber, and cattle, aims to restrict their entry into the EU market unless they meet sustainability standards.

Belgium, a key player in the cocoa industry, has supported the postponement, with companies like Vollers lobbying for more time to prepare. Vollers, a logistics firm handling large volumes of cocoa and coffee, is concerned about how the new certification and compliance processes will work once the regulation is in place. The company, along with other intermediaries, is seeking clarity on how shipments will enter Europe and the necessary information for compliance.

Critics argue that the EU’s role in global deforestation is significant, with estimates suggesting the bloc is responsible for deforesting over 2480 square km annually. The EU is the second largest importer of products linked to deforestation, after China. The EUDR, if implemented effectively, has the potential to curb the destruction of forests and preserve biodiversity. Forests cover 30% of the Earth’s surface and play a crucial role in absorbing carbon dioxide and stabilising soil.

The European Commission’s proposal to delay the regulation must be approved by both the European Parliament and the Council of the EU. If passed, larger companies will have until 30 December 2025 to comply with the new rules, while small and medium-sized enterprises (SMEs) will have until 30 June 2026. While businesses may welcome the postponement for more preparation time, environmentalists warn that any delay in addressing deforestation could have long-term consequences for the planet. Environmental groups argue that the EUDR is the first global regulation to comprehensively address deforestation and could significantly reduce the destruction of forests if implemented effectively.

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News Room October 7, 2024
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