Saturday, July 4, 2026
newmoneyfront.com
Advertisement
  • News
  • Share Market
  • Commodoties
  • Forex
  • Crypto
No Result
View All Result
  • News
  • Share Market
  • Commodoties
  • Forex
  • Crypto
No Result
View All Result
newmoneyfront.com
No Result
View All Result
Home Commodoties

UK deforestation rules take step forward after a long delay

For your consideration by For your consideration
July 4, 2026
in Commodoties
0
UK deforestation rules take step forward after a long delay
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

The U.K government has announced that it will advance long-delayed regulations on commodities linked to deforestation. On June 23, the Department for Environment, Food and Rural Affairs (DEFRA) issued a press release promising to “take forward new rules” that will force companies in Great Britain to carry out due diligence on the products they sell.

“Under the proposals UK businesses who trade in commodities sourced from rainforests such as soy, palm oil, cocoa and rubber will need to check that their supply chains are not contributing to illegal deforestation,” it said.

The rules have been anticipated since the passage of the U.K.’s Environment Act in 2021. “Schedule 17” of the Act established a legal basis for strict rules covering forest risk commodities, but the U.K. government has yet to issue those rules or submit them to Parliament. The slow implementation of Schedule 17 has drawn the ire of environmental groups and their allies.

 In a press release, U.K.-based NGO Forest Coalition welcomed the latest announcement.

“In our view the delay has been unacceptable because the U.K. imports deforestation-tainted commodities,” said Cassie Dummett, the group’s coordinator, in a phone interview with Mongabay. “That means members of the public are buying deforestation in the food they buy, unwittingly.”

The U.K. government said the regulation will closely mirror the European Union’s Deforestation Regulation (EUDR), which, despite repeated delays, is set to take effect at the end of 2026. Both rules will cover a similar set of commodities, including cattle, cocoa, palm oil, rubber and soy. By aligning the two regulations, the U.K. will be able to avoid thorny trade issues with the bloc. It will also prevent complications for Northern Ireland, which remains part of the EU’s single market.

 “The aim is that the information GB businesses must hold will be broadly the same as what is needed for a due diligence statement when exporting to the EU or moving goods to Northern Ireland under the EUDR,” the U.K. government wrote in a policy brief that accompanied the announcement.

 At least initially, the two sets of rules will diverge on one critical point. The U.K.’s regulation only covers commodities linked to deforestation if that deforestation is illegal in the exporting country. The EUDR, on the other hand, applies to all forms of deforestation.

 In practice, this means that if an exporting country legalizes deforestation, it can export  products linked to deforestation into the U.K. but not the EU. The U.K. government has stated its intention to close that gap, but it won’t happen under the new rules.

 “That requires legislation separate from these anticipated regulations,” Dummett said. “We want to see movement on that as soon as possible.”

 The agency said it expects to submit updated regulations to parliament for a vote at some point in 2027.

 Banner image: Deforestation for oil palm in the Amazon rainforest. Image by Rhett A. Butler / Mongabay.

Credits

Topics

You might also like

As AI Models Become Commodities, One Bio-Native AI Company Just Moved to Patent the Thing That Actually Compounds: the Data

Did This Single Missile From a Captain Planet Figure Really Sell for Almost $10,000?

Coinbase Unveils AI Financial Platform for the Intelligence Age

The U.K government has announced that it will advance long-delayed regulations on commodities linked to deforestation. On June 23, the Department for Environment, Food and Rural Affairs (DEFRA) issued a press release promising to “take forward new rules” that will force companies in Great Britain to carry out due diligence on the products they sell.

“Under the proposals UK businesses who trade in commodities sourced from rainforests such as soy, palm oil, cocoa and rubber will need to check that their supply chains are not contributing to illegal deforestation,” it said.

The rules have been anticipated since the passage of the U.K.’s Environment Act in 2021. “Schedule 17” of the Act established a legal basis for strict rules covering forest risk commodities, but the U.K. government has yet to issue those rules or submit them to Parliament. The slow implementation of Schedule 17 has drawn the ire of environmental groups and their allies.

 In a press release, U.K.-based NGO Forest Coalition welcomed the latest announcement.

“In our view the delay has been unacceptable because the U.K. imports deforestation-tainted commodities,” said Cassie Dummett, the group’s coordinator, in a phone interview with Mongabay. “That means members of the public are buying deforestation in the food they buy, unwittingly.”

The U.K. government said the regulation will closely mirror the European Union’s Deforestation Regulation (EUDR), which, despite repeated delays, is set to take effect at the end of 2026. Both rules will cover a similar set of commodities, including cattle, cocoa, palm oil, rubber and soy. By aligning the two regulations, the U.K. will be able to avoid thorny trade issues with the bloc. It will also prevent complications for Northern Ireland, which remains part of the EU’s single market.

 “The aim is that the information GB businesses must hold will be broadly the same as what is needed for a due diligence statement when exporting to the EU or moving goods to Northern Ireland under the EUDR,” the U.K. government wrote in a policy brief that accompanied the announcement.

 At least initially, the two sets of rules will diverge on one critical point. The U.K.’s regulation only covers commodities linked to deforestation if that deforestation is illegal in the exporting country. The EUDR, on the other hand, applies to all forms of deforestation.

 In practice, this means that if an exporting country legalizes deforestation, it can export  products linked to deforestation into the U.K. but not the EU. The U.K. government has stated its intention to close that gap, but it won’t happen under the new rules.

 “That requires legislation separate from these anticipated regulations,” Dummett said. “We want to see movement on that as soon as possible.”

 The agency said it expects to submit updated regulations to parliament for a vote at some point in 2027.

 Banner image: Deforestation for oil palm in the Amazon rainforest. Image by Rhett A. Butler / Mongabay.

Credits

Topics

Share30Tweet19
For your consideration

For your consideration

Recommended For You

As AI Models Become Commodities, One Bio-Native AI Company Just Moved to Patent the Thing That Actually Compounds: the Data

by For your consideration
July 3, 2026
0
As AI Models Become Commodities, One Bio-Native AI Company Just Moved to Patent the Thing That Actually Compounds: the Data

Issued on behalf of MindWalk Holdings Corp.MindWalk Holdings Corp. (NASDAQ: HYFT) filed a foundational European patent application covering the multi-dimensional data architecture at the core of its HYFT®...

Read moreDetails

Did This Single Missile From a Captain Planet Figure Really Sell for Almost $10,000?

by For your consideration
July 2, 2026
0
Did This Single Missile From a Captain Planet Figure Really Sell for Almost $10,000?

For children of the 90s, by the power of Earth, Fire, Wind, Water and Heart meant Captain Planet and the Planeteers were about to take over Saturday morning...

Read moreDetails

Coinbase Unveils AI Financial Platform for the Intelligence Age

by For your consideration
June 30, 2026
0
Coinbase Unveils AI Financial Platform for the Intelligence Age

TLDR: Coinbase introduced AI agent tools that connect autonomous software directly to crypto financial services. Agent financial accounts enable AI wallets, payments, and low-cost blockchain transactions through Base....

Read moreDetails

From Currencies to Commodities: Leveraging Gold Ratios in Trading

by For your consideration
June 27, 2026
0
From Currencies to Commodities: Leveraging Gold Ratios in Trading

Ratios: What Are They? In finance, a ratio is the mathematical relationship between the prices or values of two different assets. Essentially, a ratio shows how many units...

Read moreDetails

Global AI Boom Drives Strong Growth in Hong Kong’s May Exports

by For your consideration
June 26, 2026
0
Global AI Boom Drives Strong Growth in Hong Kong’s May Exports

HONG KONG, Jun 25, 2026 - (ACN Newswire) - Hong Kong’s merchandise exports rose by 40.8% year-on-year to HK$611.2 billion in May, according to data released today by the...

Read moreDetails
Next Post
Treasury chief Bessent says inflation could come down “as soon as this month”

Treasury chief Bessent says inflation could come down "as soon as this month"

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Crypto Daybook Americas: Biggest Tokens Show Restraint for Now, but ‘Damage Has Already Been Done’

Crypto Daybook Americas: Biggest Tokens Show Restraint for Now, but ‘Damage Has Already Been Done’

April 30, 2025
Putin Lashes Out as EU Agrees to Loan $105 Billion to Ukraine

Putin Lashes Out as EU Agrees to Loan $105 Billion to Ukraine

December 21, 2025
2025 will be a year of Non-QM player diversification

2025 will be a year of Non-QM player diversification

January 1, 2025

Browse by Category

  • Commodoties
  • Crypto
  • Finance News
  • Forex
  • Share Market
newmoneyfront.com

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

CATEGORIES

  • Commodoties
  • Crypto
  • Finance News
  • Forex
  • Share Market

BROWSE BY TAG

asx AUSTRALIA Bitcoin china christians Cryptocurrencies donald trump E-Commerce Economy Fed Tapering freedom INVESTMENT jpy Market Stories money Obligation peace profit russia shares stock market stocks Strategy Tax Trading truth

Copyright © 2024 newmoneyfront.com! Design by Freelancing Solution. All Rights Reserved.

No Result
View All Result
  • News
  • Share Market
  • Commodoties
  • Forex
  • Crypto

Copyright © 2024 newmoneyfront.com! Design by Freelancing Solution. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?