Giulia Bondi News Today

Since the 2015 Paris climate agreement, European banks have lent about €256 billion to corporations that put forests, savannahs and other natural ecosystems at risk, according to new research by a collective…

Brussels, Belgium (AFP) Mar 25, 2024 - An EU law banning deforestation-derived products comes into effect at the end of 2024, but for Brazilian Indigenous people it contains an unbearable loophole: the Cerrado, Brazils vast wooded savanna, is excluded from its scope.

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Tackling the ongoing role of European financial institutions must be a top priority of today’s France hosted summit, if it is to truly make progress in stopping the financing of deforestation, according to Global Witness.

European financing of deforestation remains a serious threat to forests

Strasbourg, France (AFP) April 19, 2023 - The European Parliament adopted a new EU law on Wednesday that will ban imports deemed to be driving deforestation, throwing the blocs trade muscle behind a global fight against climate change.

The European Parliament adopted a new EU law on Wednesday that will ban imports deemed to be driving deforestation, throwing the bloc's trade muscle behind a global fight against climate change.

The European Parliament approved a new law proposal outlawing products linked to deforestation, covering wood, cattle, palm oil, soy, cocoa, coffee and rubber and derivatives like chocolate, furniture and certain cosmetics.

Some of the world’s biggest financiers have been bankrolling meatpacking giants linked to deforestation in Paraguay’s richly forested Gran Chaco region - with some increasing their shareholding tenfold in the last two years.

A summit on how to protect the world's largest forests held recently in Gabon was dominated by the issue of who should pay for the protection and reforesting of lands that are home to some of the world's most diverse species and contribute to limiting planet-warming emissions.