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October 8, 2024

Europe’s green ambitions stumble as deforestation law faces delay

Europe’s bold plans to curb global deforestation have encountered a significant roadblock, as the European Union announced a one-year delay to its deforestation law amid widespread protest from global trade partners and businesses. The ambitious regulations, set to impact over $110 billion worth of trade, have been postponed to the end of 2025, following complaints about the lack of clarity and preparation time.

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