TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
France pushes EU on palm oil
On Dec. 20, the French National Assembly passed its Finance Bill. This would ordinarily be unremarkable and have little bearing on Indonesia.
Change Size
An aerial picture of a palm-oil plantation in Mimika, Papua. (Antara/File)
O
n Dec. 20, the French National Assembly passed its Finance Bill. This would ordinarily be unremarkable and have little bearing on Indonesia.
However, the bill included a provision to remove a renewables subsidy applied to vegetable oils. But it was only removed from palm oil.
The subsidy’s removal of will increase the cost of palm oil for biofuels in France by around 30 to 40 percent, according to the amendment’s author, Bruno Millienne.
The Finance Bill will then be presented to France’s President Emmanuel Macron, who will sign the bill into law. The price change is scheduled to happen from Jan. 1, 2020 — nearly 12 months from now. Why have France’s lawmakers done this?
