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Showing posts from December 7, 2024

EU’s Deforestation Law Delayed: A Setback for Global Sustainability Goals (SDG 12, 13, & 15)

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The European Union will delay the implementation of a landmark deforestation law set to place heavy due diligence requirements on importers and commodity traders. The EU Deforestation Regulation (EUDR) provisions were supposed to apply from December 30 ,2024. Still, on  November 14 the European Parliament approved a one-year delay originally proposed by the European Commission and member states.“This additional time would help operators around the world to implement the rules smoothly from the start without undermining the objectives of the law,” a statement from the Parliament says, noting that micro, small and medium-sized enterprises (MSMEs) will receive an additional six months to prepare for the law. 371 lawmakers voted to support the postponement, while 240 were opposed. The regulation applies to EU-based importers, processors, and traders of palm oil, cattle, wood, coffee, cocoa, rubber, and soya, as well as some derived products, such as chocolate and furniture. Companies i...