Descrição

SCOPE

Everyday news allows us to be aware that the rate of forest loss around the world is alarming. Between 1990 and 2020, 420 million hectares of forest were lost due to deforestation - which is equivalent to an area the size of the European Union (EU), according to the Food and Agriculture Organization of the United Nations (FAO).
However, according to EU data, these processes occur mainly in the three main forest basins of the Amazon (South America), Congo (Central Africa) and Southeast Asia. The opposite process is taking place in the EU, where forests increased by 10% between 1990 and 2020.
In other words, the objective of European Deforestation Regulation (EUDR) is not to stop deforestation in Europe, but to create a way to guarantee that the activity of European companies does not cause deforestation in other regions.
However, the rules are European and as such all operators must know, understand, and apply them also within Europe.

The European Union Emissions Trading System (EU-ETS) is a mechanism established by the European Union to compel highly emissive industries to decrease their greenhouse gas emissions. It is considered effective for large industrial firms that are slow in reducing their emissions.
On the other hand, the Voluntary Carbon Market (VCM) is a mechanism that funds low-carbon projects essential in combating climate change. It receives support from companies committed to a Net Zero strategy, who aim to make a significant contribution to the fight against climate change.
Despite both mechanisms sharing a similar name and being based on the value of carbon, they are essentially different and no longer associated with each other, so an overview on VCM is mandatory.

OBJECTIVES

1.    To get a better understanding of the real impacts of EUDR legislation on Forests Owners and Wood Based Industry.
2.    To get insights on European Voluntary Market regulation and a follow-up of Iberian situation.