Fern's latest research shows that European Union-based banks and investors have played a massive role in financing companies at the heart of concerns about land grabbing and tropical deforestation. We looked in depth at the sources of funding for 23 of the world's biggest agriculture companies, including leading palm oil producers and traders. Click here for the full report.
There are no harmonised sustainability criteria for bioenergy or the sourcing of biomass across the European Union (EU). EU Member States have therefore largely relied on domestic Sustainable Forest Management (SFM) rules to guide the way they source biomass.
The European Union’s fight against climate change has been undermined by new proposals for tackling emissions from land and forests. The proposals outlined today by the European Commission for integrating emissions from land use, land-use change and forestry (LULUCF) into its climate and energy package, will allow Member States to emit more, bringing the EU’s headline ‘at least 40 per cent’ reduction target down to less than 39 per cent, when all loopholes are accounted for.
This letter from eleven NGOs urges the European Commission to ensure that the final decision on the effort sharing decision is not watered down, but instead that ambition is increased. The letter makes two recommendations: