Environmental destruction in Southeast Asia leads to Korean power companies
Newstapa reports the results of the international collaboration project ‘Deforestation Inc.’, which has been in progress for the past several months, in turn with media outlets around the world.
Biden promises to “work with Congress” to fund Amazon protection
Biden was criticised for not fighting hard enough against Republicans in Congress for that finance. Diana Movius, forest lead at Climate Advisers, told a press briefing last week: “In those last minute budget negotiations with high level folks from both parties and from the administration that finance was likely not prioritised”. Climate Home News US […]
Biden-Lula meeting: The time is right for U.S. and Brazil to work together for Amazonia
The U.S. can join the Amazon Fund to provide financial support to help in combating illegal deforestation, but also enhance its ability to track illegal commodities that fuel deforestation. Passing legislation such as the Amazon 21 bill would provide support for local communities for forest preservation. These and more specific measures, including approaches that are not […]
Amazon Summit Can Strengthen Biden’s Relationship with Brazil’s Lula | Opinion
When Brazilian President Luiz Inácio Lula da Silva comes to Washington this week, President Joe Biden will have the opportunity to forge a historic partnership to end deforestation in the Amazon. To succeed, Biden will need to marshal the full power of the American government and economy. Nigel Purvis for Newsweek Read the full article […]
Who will buy Kerry’s carbon credits?
The Bezos Earth Fund and the Rockefeller Foundation, which are joining Kerry’s team in standing up the program, touted an analysis by Climate Advisers that suggested it could mobilize more than $100 billion through 2030. Niamh McCarthy, director of climate-related risk at Climate Advisers and one of the report’s authors, told E&E News that the program might […]
Indonesian palm oil smallholders union welcomes EU deforestation law, but wants help to comply
According to a study by Chain Reaction Research (CRR), a non-profit that scrutinises deforestation risk in supply chains, compliance costs for palm oil companies that help smallholders with traceability efforts could be as much as 3.5 per cent of revenues. That cost is small, given that firms that do not comply could lose up to […]
Palm oil buyers compromise no-deforestation pledges by sourcing from conglomerates with logging, mining assets
Most no-deforestation commitments, known in the industry as No Deforestation, No Peat and No Exploitation (NDPE) policies, only apply to the palm oil supply chain rather than the entire corporate entity of a company’s suppliers, a study by Chain Reaction Research (CRR), a consortium of non-profits AidEnvironment, Profundo, and Climate Advisors. Eco-Business Consumer goods firms, […]
For Indonesian smallholders, EU deforestation rule is a threat — and an opportunity
A 2022 report by Washington, D.C.-based sustainability risk analysis organization Chain Reaction Research (CRR) estimates the cost of compliance could add up to 3.5% of revenue. However, not complying with the EU regulation could result in $14.3 billion in losses for EU actors in the palm oil value chain, the report says. Mongabay New palm oil regulations […]
EU deforestation law will affect earnings of JBS, Marfrig and Minerva
JBS, Marfrig and Minerva should not meet the requirements of the law that the European Union may pass next week to block imports of commodities associated with deforestation (both legal and illegal) that occurred after December 2020. According to an analysis by Chain Reaction Research (CRR), the law will affect companies’ operating profits and may […]
P&G faces shareholder rebellion over deforestation debate
Tulipshare has argued that the firm’s failure to address the issue is hurting shareholders, with P&G stock falling 22% this year. It added that Chain Reaction Research estimates P&G faces a $41bn reputational risk, which equates to nearly 14% of its market cap. Public News Time In 2020, a shareholder proposal demanding P&G evaluate how […]
