The European Union’s ban on the import of palm oil as a biofuel by 2030 is seen as lacking in transparency and scientific reliability, which provides an inaccurate view of the sustainability practices practiced in the country's biofuel industry.
The Malaysian government will be engaging with the European Union (EU) to introduce Malaysia’s existing certification scheme, Malaysian Sustainable Palm Oil (MSPO), in the hope of fulfilling new EU regulations on palm oil-based biofuel imports.
The World Trade Organisation’s adjudicating panel has largely sided with the European Union in a challenge filed by Malaysia in 2021 over the eligibility of palm oil-based biofuels to count towards renewable energy targets.
Minister of National Unity Datuk Aaron Ago Dagang said the ministry has requested a higher allocation in the 2024 Budget, which will be tabled in October.
