EU Targets Key Commodities in Push to Prevent Deforestation
- Rules to impact soy, beef, palm oil, wood, cocoa and coffee
- Proposal to cut greenhouse gas emissions, biodiversity loss
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The European Union unveiled new rules for companies selling six major commodities in a bid to curb global deforestation.
The European Commission, the 27-nation bloc’s executive arm, wants the regulation to cover soy, beef, palm oil, wood, cocoa and coffee, as well as some derived products such as chocolate, leather and furniture. The plan will require backing from member states and the European Parliament to enter into force.