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. Originally formulated at the COP26 climate conference three years ago, where over 100 world leaders pledged to reverse the destruction of forests, the EU’s plan aimed to tackle deforestation driven by the demand ...