Alongside the Carbon Border Adjustment Mechanism (CBAM), the EU's new Deforestation Regulation (EUDR) is a key element of the EU Green Deal, a set of proposals and regulations to make Europe the first climate-neutral continent by 2050. It requires companies trading in cattle, cocoa, coffee, oil palm, rubber, soya, and wood, as well as products derived from these commodities, to conduct extensive diligence on the value chain to ensure the goods do not result from recent deforestation, forest degradation or breaches of local environmental and social laws and impacts imports to the EU as well as exports from the EU.
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