# Stepping up EU action on deforestation and forest degradation – Global Canopy

> Global Canopy and SEI said the EU's proposals against tropical deforestation are too limited, noting the Commission's own feasibility study points to little impact without regulatory action. They note EU 2020 commitments on eliminating deforestation from palm oil, soy and beef will not be met.

- Date: 2019-02-28 · published 2019-02-28T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/60626-stepping-up-eu-action-on-deforestation-and-forest-degradation-global-canopy
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Possible future regulation of deforestation-linked commodity imports would affect palm and soy supply chains, but the proposals remain non-binding and the effect on prices is distant.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-06-28 | [Council agrees on new rules to drive down deforestation and forest degradation globally](https://feedsoft.ai/events/40965-council-agrees-on-new-rules-to-drive-down-deforestation-and-forest-degradation.md) | -24.1% | -29.6% |
| PALMOIL | 2023-09-01 | [Global impact of the EU’s anti-deforestation law](https://feedsoft.ai/events/34617-global-impact-of-the-eu-s-anti-deforestation-law.md) | -4.5% | -7.0% |
| PALMOIL | 2018-11-12 | [EU states call for tough action on deforestation to meet 2020 UN goal](https://feedsoft.ai/events/62079-eu-states-call-for-tough-action-on-deforestation-to-meet-2020-un-goal.md) | -2.3% | -2.3% |
| PALMOIL | 2022-07-03 | [New rules to drive down deforestation and forest degradation globally – The European Times](https://feedsoft.ai/events/40523-new-rules-to-drive-down-deforestation-and-forest-degradation-globally-the.md) | -10.8% | -14.1% |
| PALMOIL | 2020-05-04 | [New EU rules to remove deforestation from supply chains – Global Canopy](https://feedsoft.ai/events/53149-new-eu-rules-to-remove-deforestation-from-supply-chains-global-canopy.md) | -2.9% | +9.7% |
| SOY | 2022-03-21 | [Strengthening the EU regulation on deforestation-free products – Global Canopy](https://feedsoft.ai/events/42305-strengthening-the-eu-regulation-on-deforestation-free-products-global-canopy.md) | +2.5% | +2.8% |
| SOY | 2022-06-28 | [Council agrees on new rules to drive down deforestation and forest degradation globally](https://feedsoft.ai/events/40965-council-agrees-on-new-rules-to-drive-down-deforestation-and-forest-degradation.md) | -3.4% | -6.0% |
| SOY | 2018-11-12 | [EU states call for tough action on deforestation to meet 2020 UN goal](https://feedsoft.ai/events/62079-eu-states-call-for-tough-action-on-deforestation-to-meet-2020-un-goal.md) | +1.9% | +4.5% |

## Sources

- globalcanopy.org: https://globalcanopy.org/insights/publication/stepping-up-eu-action-on-deforestation-and-forest-degradation/

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