# The low-ILUC loophole could allow business-as-usual palm oil imports for biodiesel in Europe - International Council on Clean Transportation

> The ICCT argues that the RED II low-ILUC certification could let palm oil producers qualify as low-risk biofuel feedstock even if palm is classed as high-ILUC. The Commission must set high and low ILUC criteria by February 1, 2019.

- Date: 2018-12-03 · published 2018-12-03T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/61588-the-low-iluc-loophole-could-allow-business-as-usual-palm-oil-imports-for
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Loopholes in low-ILUC certification could preserve palm oil biodiesel demand in Europe, limiting the bearish impact of a high-ILUC designation. The outcome will shape European vegetable oil biofuel demand.

## Read by commodity

- SBO: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-09-20 | [European Commission to ban beef, soy and palm oil imports linked to deforestation \| Eurogroup for Animals](https://feedsoft.ai/events/45103-european-commission-to-ban-beef-soy-and-palm-oil-imports-linked-to.md) | +1.0% | +12.6% |
| PALMOIL | 2023-01-27 | [Indonesia wants palm oil exporters to trade on local exchanges - The Business Times](https://feedsoft.ai/events/15762-indonesia-wants-palm-oil-exporters-to-trade-on-local-exchanges-the-business.md) | -1.9% | +2.1% |
| PALMOIL | 2022-07-07 | [EU Council general approach on the European Imported Deforestation Regulation approved - Iniciativa Española Empresa y Biodiversidad](https://feedsoft.ai/events/40521-eu-council-general-approach-on-the-european-imported-deforestation-regulation.md) | -4.4% | -6.4% |
| PALMOIL | 2019-05-05 | [Palm oil titan warns EU limits on biofuel use will backfire - The Business Times](https://feedsoft.ai/events/59197-palm-oil-titan-warns-eu-limits-on-biofuel-use-will-backfire-the-business-times.md) | -1.1% | -0.2% |
| PALMOIL | 2023-01-13 | [Explainer: Why Malaysia is considering a ban on palm oil exports to the European Union](https://feedsoft.ai/events/15766-explainer-why-malaysia-is-considering-a-ban-on-palm-oil-exports-to-the-european.md) | +0.1% | -0.0% |
| SBO | 2019-02-05 | [European oilseed producers losers in EU - Argentina biodiesel settlement \| Bioenergy International](https://feedsoft.ai/events/60680-european-oilseed-producers-losers-in-eu-argentina-biodiesel-settlement.md) | +0.4% | -1.3% |
| SBO | 2019-11-13 | [New NBB report highlights the importance of the Biodiesel Tax Credit \| Bioenergy International](https://feedsoft.ai/events/55929-new-nbb-report-highlights-the-importance-of-the-biodiesel-tax-credit-bioenergy.md) | -0.2% | +0.6% |
| SBO | 2019-12-19 | [US biodiesel and soybean industry call on President Trump to improve 2020 RFS \| Bioenergy International](https://feedsoft.ai/events/55450-us-biodiesel-and-soybean-industry-call-on-president-trump-to-improve-2020-rfs.md) | +2.8% | -0.2% |

## Sources

- theicct.org: https://theicct.org/the-low-iluc-loophole-could-allow-business-as-usual-palm-oil-imports-for-biodiesel-in-europe/

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