News & Analysis as of

Climate Change Forestry Due Diligence

Mayer Brown

The UK Forest Risk Commodity Regulation ("UKFRC") | One to Watch in the Coming Year

Mayer Brown on

INTRODUCTION - Deforestation is now the second leading cause of climate change globally, after burning fossil fuels, and is responsible for around 11% of all greenhouse gas emissions.  In the last 60 years more than half...more

BCLP

The European Union Against Deforestation: the Companies Concerned Still Have 8 Months to Take Action

BCLP on

On December 30, 2024, the European regulation of May 31, 2023 on deforestation will come into force in all EU countries. The aim of these new rules, which are designed to combat the phenomenon of imported deforestation, is to...more

Akin Gump Strauss Hauer & Feld LLP

European Parliament Approves CBAM, ETS Revision and Deforestation Rules

With 487 votes in favor to 81 against and 75 abstentions, the European Parliament voted yesterday to adopt a regulation on a Carbon Border Adjustment Mechanism (CBAM). Negotiators for the Parliament and the Council of the...more

Hogan Lovells

Giving deforestation the ax – The proposed regulation on deforestation-free products

Hogan Lovells on

On September 13, 2022, the European Parliament voted to adopt a regulation on deforestation-free products (Proposal for a Regulation on the making available on the Union market as well as export from the Union of certain...more

Latham & Watkins LLP

European Parliament Adopts Position on Deforestation Regulation

Latham & Watkins LLP on

The adopted position would mean that financial institutions fall under the remit of the regulation, requiring them to conduct additional due diligence on both established and new customers. On 13 September 2022, the...more

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