EU agrees law preventing import of goods linked to deforestation

6/12/2022 18:47

        The European Union agreed on Tuesday on a new law to prevent companies from selling into the EU market coffee, beef, soy and other commodities linked to
        deforestation around the world.
        
        The law will require companies to produce a due diligence statement showing that their supply chains are not contributing to the destruction of forests before they sell goods into the EU - or they could face hefty fines.
        
        "I hope that this innovative regulation will give impetus to the protection of forests around the globe and inspire other countries at the COP15," said the European Parliament's lead negotiator, Christophe Hansen.
        
        Deforestation is a major source of greenhouse gas emissions that drive climate change and will be in focus at a U.N. COP15 conference this week, where countries will seek a global deal to protect nature.