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Aug

20

European Parliament adopts new law to fight local deforestation.

To fight deforestation and biodiversity loss, the EU has implemented new regulations that cover products such as livestock, cocoa, coffee, palm oil, soy, timber, rubber, coal, and printed paper.

The law requires companies to ensure that products sold in the EU do not come from deforested land or have caused forest degradation.

 

Companies will only be able to sell products if the product supplier has issued a "due diligence" statement confirming that the product meets the requirements. They will also have to verify that products comply with relevant legislation in the country of production, including human rights and indigenous peoples' rights.

 

Fines for non-compliance must be dissuasive, and the maximum fine must be at least 4% of the total annual turnover in the EU of the non-compliant trader.

 

The Commission will classify countries as low, standard, or high risk. Products from low-risk countries will be subject to a simplified due diligence procedure.

 

EU competent authorities will have access to relevant information provided by companies to verify the origin of products. The Parliament adopted this law with 552 votes in favor, 44 against, and 43 abstentions.

 

Retrieved from: 

EuroparlTV. (2023, April 19). Parliament adopts new law to fight global deforestation [Press release]. European Parliament. https://www.europarl.europa.eu/news/en/press-room/20230414IPR80129/parliament-adopts-new-law-to-fight-global-deforestation?xtor=AD-78-[Social_share_buttons]-[linkedin]-[en]-[news]-[pressroom]-[deforestation-regulation]&