EU Poised to Delay Landmark Deforestation Rule for One Year.

The European Commission is considering a one-year delay to its law aimed at addressing global deforestation, due to pressure from commodity-producing countries and industry. The proposed delay would postpone the implementation of rules designed to reduce the EU's contribution to deforestation through imports of commodities like coffee, cocoa, soy, and beef. The regulation, originally set to take effect on December 30, has faced criticism from agricultural heavyweights and industry groups, who argue that it will unfairly penalize smallholder farmers and disrupt supply chains. The delay would require approval from the European Parliament and member states. [Extracted from the article]