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Home World Europe

EU Parliament Grants Companies Extra Year to Comply with Landmark Deforestation Law

23 December 2024
in Europe
EU Parliament Grants Companies Extra Year to Comply with Landmark Deforestation Law
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The European Parliament has voted to delay the implementation of new EU regulations targeting products linked to deforestation, now set to take effect from December 30, 2025, for large operators and traders, and from June 30, 2026, for smaller enterprises. The decision, passed with strong support, aims to address concerns raised by businesses and countries about compliance challenges, with the regulation being a key component of the EU’s efforts to combat climate change and biodiversity loss by banning the sale of deforestation-linked products like palm oil and soya. The postponement allows for a year of preparation and the development of necessary tools to ensure effective enforcement of the law, crucial in the global fight against deforestation.

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Tags: companiescomplydeforestationExtragrantslandmarkLawparliamentyear
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