Yesterday, a majority of Members of European Parliament voted in favour of postponing the EU’s new deforestation regulation (EUDR) with one year, so it will only enter into force in January 2026. The European People’s Party, which is the biggest group in the EP, submitted a whole range of amendments, ultimately however pulling amendments that […]
European Parliament votes to delay deforestation rules with one year Read More »
After securing European Parliamentary support for a second term, EU Commission President Ursula von der Leyen has suggested that EU deforestation rules (EUDR) have complicated the EU’s relationship with trading partners. The EU rules, which impose new bureaucratic requirements on products seen to be linked to deforestation, have led to protest from both the United
Von der Leyen suggests EUDR has strained relations with trading partners Read More »
In a new analysis, leading rating agency S&P Global warns that the EU’s external climate tariff CBAM, which stands for “Carbon Border Adjustment Mechanism” will hit developing economies the hardest. It explains: “Phasing in from 2026, CBAM will levy a carbon tax on imports of selected energy intensive materials and products into the EU, removing
“Developing economies hit hardest by EU’s carbon border tax” Read More »