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"EU Deforestation Regulations Reshape Global Coffee and Furniture Markets"

Originally Published 1 year ago — by The Associated Press

Featured image for "EU Deforestation Regulations Reshape Global Coffee and Furniture Markets"
Source: The Associated Press

The European Deforestation Regulation (EUDR) aims to reshape the global coffee trade by prohibiting products linked to deforestation, impacting coffee producers worldwide. While the EUDR could reduce carbon emissions, small farmers face challenges in meeting the stringent requirements, with concerns raised in countries like Vietnam, Brazil, Peru, and Ethiopia. Small farmers must adapt to more sustainable practices and provide traceable data to comply with the new laws, posing potential winners and losers in the coffee industry.

Malaysia criticizes EU's deforestation law while world's first carbon import tax approved.

Originally Published 2 years ago — by Reuters

Featured image for Malaysia criticizes EU's deforestation law while world's first carbon import tax approved.
Source: Reuters

Malaysia has criticized the European Union's new law banning imports of commodities linked to deforestation, fearing a hit to its exports of palm oil to the bloc. The law will require companies that sell goods into the European Union to produce "verifiable" information proving their goods were not grown on land deforested after 2020, or risk hefty fines. Malaysia said the law was a "deliberate effort" to increase costs and barriers for its palm oil sector, which is a key source of export revenue for the Southeast Asian country.