Economic Impact of Banning Palm Oil Biofuels

Banning Palm Oil Biofuels will put EU jobs and exports to South East Asia at risk.

€39.5
BILLION

Down Arrow VALUE OF EXPORTS AT RISK

354,000

Down Arrow JOBS DEPENDENT ON TRADE WITH SOUTH EAST ASIA

18,000

Down Arrow JOBS AT RISK FROM TRADE RETALIATION

Top 5 European Economies Impacted
by the Proposed Palm Oil Ban

Germany

Germany stands to lose over 5,600 jobs and €626 million in exported goods due to lost trade.

United Kingdom

The UK stands to lose nearly 2,000 jobs and £194 million in exported goods due to lost trade.

France

France stands to lose over 2,700 jobs and over €300 million in exported goods due to lost trade.

Italy

Italy stands to lose over 1,700 jobs and €193 million in exported goods due to lost trade.

Spain

Spain stands to lose nearly 1,000 jobs and €87million in exported goods due to lost trade.

  1. Copenhagen Economics, EU Imports of Palm Oil From Indonesia, Malaysia and Thailand (May 2018).
  2. Copenhagen Economics, EU exports to Indonesia, Malaysia and Thailand (May 2018).