Felled mountains of massive limestone quarries are pictured at Ipoh in the state of Perak Malaysia on Friday, 5 November 2021.
Further to the commitments on deforestation undertaken at the recent COP26 climate summit on global warming, the EU of 27 states is proposing that companies ensure that products available in the market for 450 million people don’t damage forests elsewhere.
“We must take the responsibility to act at home,”Frans Timmermans
“We must take the responsibility to act at home,” says Frans Timmermans, Vice President of the European Commission.
If EU member states and the European Parliament agree, the Commission’s proposal would require businesses and manufacturers to provide assurances that products are “deforestation-free.”
Key raw materials that the European Union can target such are soybean, beef, palm oil, wood, cocoa and coffee.
To force firms to comply with the regulations, companies would need to collect geographic coordinates where the raw materials were being cultivated and ensure that they do not affect deforestation.
At COP26 over 100 nations representing over 85% of forests in the world committed to halting and reversing deforestation by 2030.
The EU hopes to generate an annual CO2 savings of 3.2 billion euros.