Close Menu
Today News Journal
    What's Hot

    Emergency Glass Repair London: Fast, Reliable, and 24/7 Service When You Need It Most

    February 24, 2025

    Moling vs. Traditional Trenching: Choosing the Right Method for Your Project

    November 26, 2024

    Designing Custom Inflatable Characters: Tips for Creating Unique Mascots

    October 17, 2024
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Today News Journal
    Contact Us
    • Home
    • Trending
    • Business
    • Health
    • Technology
      • Automobile
      • Gadgets
      • Mobiles
      • Robotics
    • Lifestyle
      • Culture
    • Sports
    • Travel
    • Editorials
    • News
      • Politics
    Today News Journal
    Home » News » How EU Wants to Stop Deforestation in Your Coffee
    News

    How EU Wants to Stop Deforestation in Your Coffee

    James MartinBy James MartinFebruary 15, 2023No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Comment

    The European Union is set to ban imports of raw materials produced on newly deforested land anywhere in the world, in an effort to protect the rainforests that are a buffer against catastrophic climate change. The new rules require sophisticated tracking systems and will be enforced using the threat of fines. Critics say the measures will penalize millions of small farmers across Asia, Latin America and Africa who lack the means to comply. 

    1. What’s going to happen? 

    The plan is to stop the felling of forests to grow products sold in Europe. Those include palm oil (which is found in thousands of everyday items including ice cream, shampoo and fuel), soy, beef, wood, rubber, cocoa and coffee and some manufactured products such as chocolate, leather and furniture. To send them into the EU or export them from the bloc, companies must show they weren’t made on land that was deforested or degraded since Dec. 31, 2020. They will also need to prove they were produced in compliance with local human rights laws and laws protecting the rights of indigenous peoples. The measures are expected to take effect in May or June. Companies will then have 18 months to comply, with a further six-month grace period for small businesses. 

    Importers must collect precise data identifying the plots of land where the goods were grown. The location coordinates would be checked off against historical land-use information gathered via satellite imaging and other sources. A traffic light system will assign a score for each country based upon the perceived risk of deforestation there. High-risk countries will face a stricter level of checks — 9% of traders and commodities — compared with 1% for those deemed to be low-risk. 

    3. How significant are the new rules? 

    Up to this point, efforts to stop the destruction of the world’s forests focused largely on persuasion and positive incentives. Now one of the most important players in the global economy is resorting to force. Companies that fail to meet the rules could face fines of at least 4% of their annual turnover in the EU. It’s not the only area where the bloc is using trade in pursuit of climate goals beyond its borders. It’s also agreed to a carbon levy on imports of goods like steel and aluminum from countries with less strict environmental rules. 

    4. What’s the EU’s motivation?

    Burning or cutting down rainforests releases greenhouse gases and deprives the ecosystem of carbon-absorbing trees. Much of the cleared land is used to grow export crops and raise livestock, generating even more climate-warming emissions. The EU was responsible for 16% of deforestation associated with international trade in 2017, surpassed only by China, at 24%, according to a 2021 report by the World Wide Fund for Nature. Efforts to re-grow Europe’s own forests have little impact on the region’s overall carbon footprint as so much of what its population and industries consume comes from elsewhere. Europe’s demand for rubber alone has been linked to the deforestation of 520 square kilometers (201 square miles) of West Africa since the end of the last century. 

    5. What’s been the reaction to the EU’s plan?

    The measures will have a disproportionate impact on the relatively small number of countries that are home to the world’s rainforests, such as Indonesia and Malaysia — the biggest suppliers of palm oil to the EU. Their governments say much of what they produce is already sustainable and traceable. The Roundtable on Sustainable Palm Oil, an industry group that promotes standards for “certified sustainable” products, said the EU measures could have unintended consequences for vulnerable farmers worldwide, and disproportionately impact growers that can afford it the least. Producer nations are looking to retaliate, with Malaysia weighing potential trade curbs that would slow the flow of commodities to Europe and reviewing imports from the bloc. Environmentalists have lauded the EU plan, with the WWF calling it “goundbreaking.” and Greenpeace saying it would mean some chainsaws “fall silent.” They hope the rules will be expanded to other ecosystems such as savannas. 

    6. What does it mean for Europeans?

    If the system holds up and importers comply, consumers will be able to enjoy their morning coffee in the knowledge that no trees were cut down to grow the beans. Economists will pay close attention to the potential impact on shopping bills. One study published in 2022 found the new measures would create compliance costs equivalent to as much as 3.5% of palm producers’ revenue. Advocates of the new rules say the companies will recoup those costs as consumers will be ready to pay more if they know the goods are environmentally sustainable. 

    More stories like this are available on bloomberg.com



    Source link

    Related posts:

    1. Barnaby Joyce abolishes body set up to advise on major water projects after dam announcements | Australian politics
    2. Justice minister resigns over No 10 Covid fines and PM’s ‘official response’ – UK politics live | Politics
    3. Meat feasts to go: Burger King tests all-vegan London branch | Veganism
    4. Australia on alert after new Omicron XE Covid variant found in NSW | Coronavirus
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleInflation calculator: find out how much UK household price rises affect you | UK cost of living crisis
    Next Article Video shows New Zealand pilot taken hostage by heavily armed rebel group in remote Papua region
    James Martin
    • Website

    Related Posts

    Emergency Glass Repair London: Fast, Reliable, and 24/7 Service When You Need It Most

    February 24, 2025

    Aruna Vijay’s Inspiring Journey: Exclusive Femest Magazine Interview

    September 28, 2024

    You are not too clever to be scammed. Put your smugness away.

    February 21, 2024

    Senate report blasts high-end life insurance plans as $40B ‘tax dodge’

    February 21, 2024
    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Search
    Categories
    • Automobile
    • Business
    • Coronavirus
    • Culture
    • Editorials
    • Finance
    • Gadgets
    • Health
    • Lifestyle
    • Mobiles
    • Money
    • News
    • Politics
    • Sports
    • steroid
    • Technology
    • Travel
    • Trending
    • World
    Latest Posts

    Emergency Glass Repair London: Fast, Reliable, and 24/7 Service When You Need It Most

    February 24, 2025

    Moling vs. Traditional Trenching: Choosing the Right Method for Your Project

    November 26, 2024

    Designing Custom Inflatable Characters: Tips for Creating Unique Mascots

    October 17, 2024

    Aruna Vijay’s Inspiring Journey: Exclusive Femest Magazine Interview

    September 28, 2024
    • Facebook
    • Twitter
    Don't Miss
    News

    Emergency Glass Repair London: Fast, Reliable, and 24/7 Service When You Need It Most

    By Nick WilsionFebruary 24, 20250

    A shattered window can turn into a security risk in seconds. Whether it’s a break-in,…

    Moling vs. Traditional Trenching: Choosing the Right Method for Your Project

    November 26, 2024

    Designing Custom Inflatable Characters: Tips for Creating Unique Mascots

    October 17, 2024

    Aruna Vijay’s Inspiring Journey: Exclusive Femest Magazine Interview

    September 28, 2024
    • Facebook
    • Twitter
    About Us

    Hello friends, I am James Martin. Welcome to my blog todaynewsjournal.com. We are a team of experienced journalists who are passionate about delivering the latest news and current events to our readers. Our editorial team is dedicated to providing the most accurate and up-to-date information possible. We aim to be your go-to source for news and current events. Here on this site, You will get up to date information regarding all important categories like business ideas, health tips,... (Read More)

    Latest News

    Emergency Glass Repair London: Fast, Reliable, and 24/7 Service When You Need It Most

    February 24, 2025

    Moling vs. Traditional Trenching: Choosing the Right Method for Your Project

    November 26, 2024

    Designing Custom Inflatable Characters: Tips for Creating Unique Mascots

    October 17, 2024
    SIGN UP NEWSLETTER

    Join The Conversation sign up to receive emails for The Daily special tips general info.

      Facebook X (Twitter) Instagram Pinterest
      • Home
      • Editorials
      • Get In Touch

      Copyright © 2021-2023 · Today News Journal | Privacy Policy | Sitemap

      Type above and press Enter to search. Press Esc to cancel.

      We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
      Cookie SettingsAccept All
      Manage consent

      Privacy Overview

      This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the ...
      Necessary
      Always Enabled
      Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
      CookieDurationDescription
      cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
      cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
      cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
      cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
      cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
      viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
      Functional
      Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
      Performance
      Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
      Analytics
      Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
      Advertisement
      Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
      Others
      Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
      SAVE & ACCEPT

      Sign In or Register

      Welcome Back!

      Login to your account below.

      Lost password?