THE MALAYSIAN Palm Oil Council (MPOC) released new economic research that quantifies the negative impact to major European economies should the EU move ahead with proposed restrictions on Palm Oil biofuels under the Renewable Energy Directive (RED).
The research finds that almost euro 40 billion of EU exports and over 350,000 jobs across Europe depend on trade with Palm Oil-producing countries.
Today, EU Energy Ministers are meeting in Luxembourg to discuss a new French Government proposal that would impose a freeze on Palm Oil biofuels under the RED.