bullish
Disaster Averted - But Not Solved
SUMMARY
- Disaster Averted - But Not Solved The European Commission has proposed to delay the Deforestation free products regulation (EU DR) by 12 months.
- The law has been in place since May 2023, and was due to enter into effect on 30 December 2024.
- EU DR requires that targeted commodities (cattle, cocoa, coffee, palm oil, rubber, soy, wood) and relevant products sold in the EU must not be produced on land that was deforested after 2020.
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