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Small Farmers

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businessenvironment2 years ago•7 min saved

"EU Deforestation Regulations Reshape Global Coffee and Furniture Markets"

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.

via The Associated Press|

#businessenvironment #coffee #deforestation

politics3 years ago•1 min saved

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

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.

via Reuters|

#deforestation #european-union #malaysia