EU PHASING OUT PALM OIL FROM TRANSPORT FUEL

06/18/2018

On June 14, EU negotiators agreed to phase out the use of palm oil in transport fuels by 2030. The wording on the specifics of the phase-out are yet to be agreed upon, but EU negotiators agreed that the use of palm oil would be capped at 2019 levels until 2023 and reduced to zero by 2030. The agreement is part of the EU's efforts to reduce greenhouse gas emissions by at least 40 percent below 1990 levels by 2030. For the full story, see https://uk.reuters.com/article/us-eu-climatechange-palmoil/eu-to-phase-out-palm-oil-from-transport-fuel-by-2030-idUKKBN1JA21F.