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Saturday, April 6, 2019

Malaysia, Indonesia head to Brussels to protest palm oil biofuel curbs

Malaysia and Indonesia together supply about 85% of the world’s palm oil. (Bloomberg pic)
KUALA LUMPUR: Officials of top palm oil producers Malaysia and Indonesia will visit Brussels next week to voice their objection to the European Union’s delegated act that restricts the use of the edible oil in biofuel.
This joint action by the two countries was revealed by primary industries ministry in a statement today.
Malaysia and Indonesia together supply about 85% of the world’s palm oil.
A joint mission will travel to Brussels April 8-9, in a trip that was discussed earlier this year.
The European Commission plans to restrict the types of biofuels from palm oil that may be counted towards the EU’s renewable-energy goals.
It has toughened goals to reduce greenhouse gases blamed for climate change.
A council of producing nations called the law “scientifically flawed” and they have stepped up their lobbying against the provision in recent weeks.
Malaysia and Indonesia have warned that they are ready to retaliate against what they see as “discriminatory” rules.
“Such misleading interpretation of the production of palm oil will be detrimental towards countries which depend on this industry to raise the socio-economic well-being of their people.

“It ignores the sustainable efforts undertaken to achieve the United Nation Sustainable Development Goals,” according to the ministry. - FMT

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