Deforestation law: criticism of financial sector

The EU Commission criticizes that the new EU law against deforestation does not receive support from financial institutions. This was stated by a Commission representative on Wednesday. The Commission is making a lot of money available to producer countries, but financial institutions are not going along, complained Leonard Mizzi, head of unit in the commission’s international partnerships department. While the institutions are willing to fund sustainability initiatives in the energy sector, agriculture is too small-scale and complicated for them, Mizzi said.