# The EU must deploy all available solutions in its attempt to decarbonise

> An opinion piece argues that biofuels made from sustainable palm oil could help the EU decarbonize shipping, responding to a leaked draft of the EU's green fuels law. It notes criticism from NGOs and the shipping industry over the draft's fuel choices.

- Date: 2021-07-06 · published 2021-07-06T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/46097-the-eu-must-deploy-all-available-solutions-in-its-attempt-to-decarbonise
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

If palm-based biofuels were accepted under EU shipping fuel rules, demand for palm oil could rise, but the draft is contested and not final. Price implications are speculative at this stage.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-03-07 | [‘Alarming’ rise in palm oil products being imported into the EU to make biofuels due to loophole - EIA](https://feedsoft.ai/events/25598-alarming-rise-in-palm-oil-products-being-imported-into-the-eu-to-make-biofuels.md) | +0.7% | -0.8% |
| PALMOIL | 2018-03-21 | [On UN Forests Day, new studies put EU in position to take action on deforestation - EIA](https://feedsoft.ai/events/66018-on-un-forests-day-new-studies-put-eu-in-position-to-take-action-on.md) | +0.2% | +0.3% |
| PALMOIL | 2023-11-15 | [Regulation (EU) 2023/1115 on the making available on the Union market and the export from the Union of certain commodities and products associated with deforestation and forest degradation \| Knowledge for policy](https://feedsoft.ai/events/33205-regulation-eu-2023-1115-on-the-making-available-on-the-union-market-and-the.md) | +0.9% | -3.4% |
| PALMOIL | 2022-11-04 | [Edible oil demand in three biggest markets seen mixed - analyst Fry](https://feedsoft.ai/events/38778-edible-oil-demand-in-three-biggest-markets-seen-mixed-analyst-fry.md) | -2.1% | -1.7% |
| PALMOIL | 2018-03-12 | [Indonesian biodiesel production seen jumping to 3.5 million tons this year  : The Daily Digest](https://feedsoft.ai/events/65877-indonesian-biodiesel-production-seen-jumping-to-3-5-million-tons-this-year-the.md) | +1.1% | +4.0% |

## Sources

- theparliamentmagazine.eu: https://www.theparliamentmagazine.eu/partner/article/in-its-attempt-decarbonise-eu-must-deploy-all-available-solutions

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.