Commodities and Global Climate Governance: Early Evidence From the EU Deforestation-free Regulation (EUDR)
Review Article
01/04/2024
Description
The document addresses the European Union Regulation to End Deforestation (EUDR), highlighting its importance in the fight against climate change. The EUDR, formally adopted in June 2023, is expected to reduce carbon emissions by 32 million tonnes annually, but its success depends on several factors, including traceability mechanisms, fair trading conditions, internal EU cohesion and protection of vulnerable producers. These issues will also influence other global environmental policies, such as the US FOREST Act and the United Kingdom Environment Act.