The EU bans the marketing of products that contribute to deforestation and forest destruction
The European Parliament and the European Council, which brings together EU member states, would prevent the market distribution of products that contribute to deforestation and forest destruction by law, the European Commission announced on Tuesday.
According to the board’s press release, the application of the legislation contributes to stopping global deforestation and forest destruction, thus the reduction of biodiversity. With the entry into force of the new rules, all relevant companies will have to carry out strict due diligence when placing palm oil, beef, soya, coffee, cocoa, wood and rubber and products derived from them on the EU market: traders will have to prove that the goods are deforestation-free produced on land, in accordance with the laws in force in the issuing country. EU member states must ensure that non-compliance with the rules results in effective and deterrent sanctions – high fines.
The European Commission is introducing a risk assessment system, the obligations for companies will depend on the risk levels
This will also help the EU manage its activities to stop deforestation together with partner countries, with particular regard to the protection of local communities and indigenous peoples, the commission said. The European Parliament and the Council have yet to officially adopt the new regulation. Once it enters into force, market participants will have 18 months to implement the new rules. For small businesses, the EU provides a longer adjustment period.
According to the Food and Agriculture Organization of the UN (FAO), between 1990 and 2020, 420 million hectares of forest – an area exceeding the territory of the European Union – were lost due to deforestation. According to EU data, about 11 percent of greenhouse gas emissions from human activity come from forestry, mainly deforestation.
MTI
Related news
GKI analysis: We are further away from eurozone membership than we were 10 years ago
Hungary committed to adopting the euro when it joined the…
Read more >Farmer-centric agricultural policy after 2027 receives unanimous support
The EU member states’ agriculture ministers have adopted Council conclusions…
Read more >Slow but steady growth in sunflower producer prices
Oil World experts expect a global sunflower seed harvest of…
Read more >Related news
Quick commerce booms in India as consumers seek faster deliveries
The demand is particularly high amongst younger consumers. Quick commerce…
Read more >REWE Group Revamps Digital Loyalty Programmes
REWE Group has announced a new format for its digital…
Read more >Lactalis to close factory in Zambia
The dairy group has cited “market dynamics”, according to a…
Read more >