Is soy the new palm oil?

Based on the most recent estimates, soy biodiesel is the second biggest GHG emitter, after palm oil biodiesel. Now that the use of palm biodiesel is expected to decline due to a revision of the EU Renewable Energy Directive, there is a risk that the gap left in the EU biofuels market will be filled up with soy. T&E commissioned this study and the findings suggests that there may be a higher expansion of soy into high carbon-stock areas compared to what was previously estimated.