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European Parliament

Von der Leyen suggests EUDR has strained relations with trading partners

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 …

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“Developing economies hit hardest by EU’s carbon border tax”

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 …

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