The UN Food and Agriculture Organization (FAO) estimates that 420 million hectares of forest — an area larger than the European Union — were converted to agricultural use between 1990 and 2020. EU consumption makes up around 10% of this global deforestation. Now, the EU wants to stop the trend to support its fight against climate change, and it has introduced a new law obliging companies to ensure that products sold in the EU have not led to deforestation and forest degradation. The move is seen as discriminatory by both Malaysia and Indonesia, the world’s top two palm oil exporting countries, as it'll hit their economies hard. Elsewhere, farmers and exporters in Vietnam say it'll be difficult to provide verifiable proof of products coming from sustainable sources. CNA Correspondent explores how the livelihoods of millions could be affected by the new law.
00:40 Malaysia, Indonesia join forces to save jobs
02:00 How EU’s new law works
02:53 The impact on stakeholders
04:35 The health benefits of palm oil
07:20:Timber plantations are a bigger threat
09:30 Deforestation is not a problem in Vietnam’s coffee industry
11:30 Coffee exporters on edge
15:30 Deforestation rampant in Queensland, Australia
16:22 Canberra threatens to walk away from FTA
18:35 EU determined to end contribution to global deforestation
20:38 UK stands to gain from the new law
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About CNA Correspondent: Highlights of news stories and features by CNA's network of Correspondents based in major cities across the region.
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