The European Union agreed on Tuesday on a new law to prevent companies from selling into the EU market coffee, beef, soy and other commodities linked to deforestation around the world.
One year after more than 140 countries pledged to halt all deforestation by 2030, little has been done to finance protections or pass new conservation laws, experts say.
Commodities trader Louis Dreyfus Brazil's chief executive said on Tuesday that if society wants to tackle deforestation seriously, mechanisms need to be put in place to compensate farmers for conserving trees.
Brazil recorded the most deforestation ever in the Amazon rainforest for the month of January, according to government data on Friday, as destruction continues to worsen despite the government's recent pledges to bring it under control.
Deforestation last year rose to the highest level since 2015 in Brazil's Cerrado, prompting scientists on Monday to raise alarm over the state of the world's most species-rich savanna, a major carbon sink that helps to stave off climate change.
