EU Parliament Takes Strong Stance Against Deforestation and Climate Change

The European Parliament has approved a new deforestation law that will ban imports of commodities such as coffee, beef, soy, and palm oil into the EU if they are linked to deforestation. Companies selling goods into the EU will need to produce a due diligence statement and "verifiable" information proving their goods were not grown on land deforested after 2020, or risk hefty fines. The law aims to eliminate deforestation from the supply chains of everyday items sold in Europe and tackle the EU's contribution to global greenhouse gas emissions. The law needs formal approval from EU countries before it can enter into force.