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Indonesia to Europe: Pay for sustainable palm oil
March 22, 2016
Indonesia to Europe: Pay for sustainable palm oil
By Jessica Cheam
Tuesday 22 March 2016
Indonesia’s Coordinating Minister for Economic Affairs Darmin Nasution has called on European countries to pay the premium for sustainable palm oil, saying that the cost of raising the sustainability standards of the industry “cannot be borne by producers alone”.
Speaking at the International Conference on Oil Palm and Environment (ICOPE) held in Bali last week, Darmin noted that “some European countries will not hesitate to promote a boycott on non-sustainable palm oil, however they have yet to be willing to pay (the) premium for sustainable products”.
The minister said that in the past, European countries at advanced stages of development expect Indonesia – a developing country – to adopt sustainability as a “baseline condition of business”.
“Unfortunately not many European countries (are) willing to pay extra for sustainability. Being sustainable requires effort and funding – this cannot be borne by producers alone,” he told a 400-strong industry audience on Wednesday.
Read more at Eco-Business.
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