• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Oak trunks cut for the Chinese market are seen at the Margaritelli Fontaines sawmill in Burgundy, France, April 10, 2018. Picture taken April 10, 2018. Charles Platiau
Oak trunks cut for the Chinese market are seen at the Margaritelli Fontaines sawmill in Burgundy, France, April 10, 2018. Picture taken April 10, 2018. Charles Platiau
Home
World
Europe

EU proposes to delay landmark anti-deforestation law by 12 months

October 2nd, 2024 | 12:12 PM WORLD Europe 3

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Ukraine's parliament approves Yevhenii Khmara as new defence minister
Russian drone attacks kill five in Ukraine's Kherson, governor says
ECB's Rehn says wage growth remains moderate, no second-round effects
Ukraine's anti-corruption agencies launch probe ahead of key defence minister vote
By Bart Meijer, Maytaal Angel

The European Commission said it would propose delaying implementation of a law banning the import of commodities linked to deforestation by a year on Wednesday, following calls from industries and governments around the world.

The law has been hailed as a landmark in the fight against climate change, but countries and industries from Brazil to Malaysia say it is protectionist and could end up excluding millions of poor, small-scale farmers from the EU market.

There were also widespread warnings from industry that the EU deforestation regulation, or EUDR, would disrupt the European Union's supply chains and push up prices.

Some 20 of the EU's 27 member states asked Brussels in March to scale back and possibly suspend the law, saying it would harm the bloc's own farmers, who would be banned from exporting products grown on deforested land.

The proposal would need the approval of the European Parliament and member states, the Commission said. It added that it was also publishing additional guidance documents.

EU leaders have watered down numerous environmental measures this year to try to quell months of farmers' protests over issues including the bloc's green policies and cheap imports.

COMMITMENT DOUBTED

Environmental campaigners slammed Wednesday's move.

"Ursula von der Leyen might as well have wielded the chainsaw herself. People in Europe don't want deforestation products but that’s what this delay will give them," said Greenpeace.

WWF said the delay cast serious doubt on the Commission's commitment to delivering on the EU’s environmental promises, while European forestry campaign group Fern, noting fires raging in the Amazon and beyond, called on the EU to strengthen rather than weaken its resolve to make the "desperately needed law" a reality.

The EUDR would have, from Dec. 30, required companies importing soy, beef, cocoa, coffee, palm oil, timber, rubber and related products to prove their supply chains did not contribute to the destruction of the world's forests, or face hefty fines.

Companies would have to digitally map their supply chains down to the plot where their raw materials were grown, even on small farms in remote, rural regions.

Critics say this is exceedingly complex in supply chains that span the globe and involve not just millions of farms but multiple intermediaries whose data is not easily verifiable.

Eurocommerce, which represents the European retail industry, said it was grateful the Commission had acknowledged its concerns regarding compliance and possibly supply chain disruptions.

Brussels argues that the EUDR is necessary to end the bloc's contribution to deforestation, the second leading cause of climate change after the burning of fossil fuels.

The EU is the world's second largest contributor to deforestation through its imports, according to data from WWF.

  • Topic
  • EU
  • ENVIRONMENT/DEFORESTATION (UPDATE 2, PIX)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Ukraine's parliament approves Yevhenii Khmara as new defence minister

Related Posts

Europe
August 19th, 2026

Ukraine's parliament approves Yevhenii Khmara as new defence minister

Europe
August 19th, 2026

Russian drone attacks kill five in Ukraine's Kherson, governor says

Europe
August 19th, 2026

ECB's Rehn says wage growth remains moderate, no second-round effects

Europe
August 19th, 2026

Ukraine's anti-corruption agencies launch probe ahead of key defence min...

Europe
August 18th, 2026

EU sees Iceland vote as potential boost for enlargement optics

Europe
August 18th, 2026

German court convicts Ukrainian man over parcel bomb plot tied to Russia

The Wire
Aug 20th 2 h ago
Media & Telecom

'Baby Shark' boy returns to stage as a K-pop singer

Aug 20th 2 h ago
Litigation

SK Hynix to pay 60% of employee bonuses in company stock un...

Aug 20th 2 h ago
Asia Pacific

Outsider who could decide New Zealand's next government wan...

Aug 20th 2 h ago
Business

Aegon raises share buyback plan to 350 million euros

Aug 20th 2 h ago
Africa

South Africa's Exxaro half-year profit down 20%, cuts divid...

TRENDING ON FINANCETIME
Aug 20th, 2026 Cricket

Australia look for response to 'Darwin Disaster' in second Bangladesh test

Aug 20th, 2026 World

Russia strikes drone component facilities, other targets in Kyiv, defence ministry says

Aug 20th, 2026 Asia Pacific

China's Shanghai eases housing policies to spur demand

Aug 20th, 2026 Boards, Policy & Regulation

Fortescue hires law firm to investigate sexual harassment allegations against senior executive

Aug 20th, 2026 Transactional

Treasury's upsized buybacks may complicate Fed's monetary policy work

Markets-Sectors
BASIC MATERIALS +1.43%
UTILITIES +0.00%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT