Plans being drafted at the IMO risk creating a huge new market for deforestation-driving biofuels like palm and soy, while also putting pressure on vegetable oil prices • The IMO’s green strategy could release an additional 270 million tonnes of GHG emissions in 2030 compared to today, making it worse than doing nothing. • The vast majority of biofuels will come from palm and soy (60%), which are heavily linked to deforestation. • Close to 300 millions bottles of vegetable oil could be diverted to powering ships every day in 2030, putting pressure on grocery prices. • Only 2.5% and 3% of international shipping could run on animal fats and UCO in 2030 as supplies of waste biofuels are limited. (....)