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The Climate Report | Second Quarter 2024

REGULATORY ISSUES & UPDATES - Recent Evolution of the European Regulatory Framework on Greenwashing - Two new Directives adopted by the EU in 2024—the "Empowering Consumers Directive" and the "Green Claims...more

UK Government Challenged Over Net-Zero Rollback

The UK government's decision to rollback and delay policy commitments designed to help achieve net zero by 2050 will be challenged in the High Court later this year....more

UK Emissions Trading Scheme Consultations

In December 2023, the United Kingdom's Department for Energy Security and Net Zero ("DESNZ") launched two consultations to garner views on the efficient operation of the UK's Emissions Trading Scheme ("ETS")....more

The Climate Report: Fourth Quarter 2023

REGULATORY ISSUES & UPDATES - Mandatory Climate Change Reporting Requirements Under the New European ESRS E1 - The implementation of the European Sustainability Reporting Standards poses risks for reporting companies,...more

The Climate Report | First Quarter 2023

Incoming: Mandatory Climate Risk Disclosures in Australia - The Climate-Related Financial Disclosure Consultation Paper proposes that, commencing with the 2024/2025 financial year, large, listed entities and large...more

Mission Zero: A Review of the UK's Net Zero Strategy

The UK's former Energy Minister, Chris Skidmore MP, has conducted an independent review of the UK government's Net Zero Strategy. The strategy seeks to ensure that the UK reduces its greenhouse gas emissions by 100% from 1990...more

Recent Shifts in UK Government's Climate Change Policy

Net-Zero Review - The Secretary of State for Business, Energy and Industrial Strategy ("BEIS") has commissioned an independent review of the UK government's approach to delivering its net- zero target, in a way that is...more

11/22/2022  /  BEIS , Climate Change , Energy Sector , Net Zero , UK

The Climate Report | First Quarter 2022

The delegated regulation includes a new comprehensive and unified reporting methodology to direct investments toward environmentally sustainable economic activities....more

UK Government Faces Judicial Review Challenge Over Net Zero Strategy

Three months after hosting the COP26 climate summit in Glasgow, and as required by the Climate Change Act 2008, the UK government published its third five-year risk assessment of climate change on the United Kingdom....more

UK Government Adopts Ambitious Sixth Carbon Budget

The Climate Change Act 2008 requires the UK government to achieve net-zero greenhouse gas ("GHG") emissions by 2050. Progress toward this commitment is to be driven via a series of five-year carbon budgets. The sixth budget,...more

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