The government also introduced transition plan requirements for companies to meet the UK’s 2050 net zero target.
On 3 November 2021, the International Financial Reporting Standards (IFRS) Foundation Trustees Chair, Erkki...more
11/9/2021
/ Administrative Review Board ,
Climate Change ,
Corporate Governance ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
IFRS ,
International Regulatory Standards ,
Net Zero ,
Proposed Legislation ,
Public Policy ,
Sustainability ,
Sustainable Business Practices ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
The strategy sets out plans to reduce emissions from key sectors of the UK economy to ensure that the UK remains on track for net zero by 2050.
On 19 October 2021, the UK government published its climate change strategy,...more
10/25/2021
/ Carbon Emissions ,
Climate Change ,
Energy Sector ,
Environmental Policies ,
Fuel Supply ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Natural Resources ,
Net Zero ,
Paris Agreement ,
Real Estate Development ,
Transportation Industry ,
UK
The package focuses on material sustainability reporting and disclosure obligations, as the EU looks to direct capital toward sustainable activities.
On 21 April 2021, one day prior to Earth Day and a US-led global...more
6/14/2021
/ AIFM ,
Carbon Emissions ,
Climate Change ,
Disclosure Requirements ,
Environmental Policies ,
EU ,
European Commission ,
Fiduciary Duty ,
Green Finance ,
Greenhouse Gas Emissions ,
MiFID ,
MiFID II ,
Net Zero ,
Reporting Requirements ,
Sustainability ,
UCITS
The UK Government presents initiatives designed to green the UK economy and bolster attractiveness as an international financial centre.
On 9 November 2020, Rishi Sunak, Chancellor of the Exchequer, announced several...more
11/11/2020
/ Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Policies ,
Financial Instruments ,
Financial Services Industry ,
Green Bonds ,
Green Finance ,
Popular ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
Transitional Arrangements ,
UK ,
UK Brexit
The transition from EP3 to EP4, now postponed to October 1, 2020, will significantly impact projects in the United States and other high-income Designated Countries.
The Equator Principles (EPs) were recently updated and...more
In recent years, China has taken significant steps in developing its environmental policy. In 2014, China’s Premier Li Keqiang declared a “war on pollution”, which began in earnest in 2017....more
In recent years, China has taken significant steps in developing its environmental policy. In 2014 China’s Premier Li Keqiang declared a “war on pollution”, which began in earnest in 2017. Since then, regulators have been...more
President Xi announces a comprehensive, 14-point reform policy that has long-term implications for companies with business interests in China.
Key Points:
..President Xi Jinping has formalized a national commitment to...more
11/21/2017
/ China ,
Conservation ,
Discharge of Pollutants ,
Emissions Trading System ,
Enforcement Actions ,
Environmental Impact Report (EIR) ,
Environmental Policies ,
Environmental Violations ,
Green Finance ,
Impact Assessments ,
Lending ,
Multinationals ,
Natural Resources ,
NDRC ,
Operational Permits ,
Outbound Transactions ,
Presidential Decrees ,
Private Right of Action ,
Public Citizen ,
Regulatory Reform
The Chinese government has announced a US$4 trillion investment in developing infrastructure globally under the “Belt and Road Initiative” (BRI). Under the BRI the Chinese government will spend US$750 billion on overseas...more
President Xi has announced the creation of a new environmental bureau to oversee China’s state-owned natural resources. Establishment of the new bureau is one of the most notable outcomes of the recent meeting of the 19th...more
In recent months, teams of inspectors from China’s Ministry of Environmental Protection and the Communist Party’s anti-corruption commission have conducted a slew of surprise inspections of various industrial facilities...more
At the 19th National Congress of the Chinese Communist Party, President Xi Jinping asserted his country’s emerging leadership in environmental stewardship and pledged to build a “beautiful China”. In his speech to the 2,300...more
On 18 October 2017, the 19th National Congress of the Chinese Communist Party will convene, after the week-long National Day holiday, marking one of the most important dates on the Chinese political calendar. Among the issues...more
China’s State Council released an “Opinion Concerning Establishment of a Long-Term Mechanism for Early-Warning and Monitoring of Environmental and Natural Resources Carrying Capacity,” which will halt major projects in...more
Addressing a car forum in Tianjin, Xin Guobin, Vice Minister of Industry and Information Technology, announced that the Chinese government is developing plans to follow in the footsteps of some European countries to phase out...more
Chinese policymakers have indicated that the country’s Emissions Trading System (ETS) — which will be the largest system of its kind globally and the centerpiece of Chinese climate change policy — is likely to launch in...more
In reforming and updating its environmental laws, China has until recently been focusing on air pollution. Attention is now turning to addressing water and soil pollution as well....more
On 28 April 2017, the European Commission (the EC) published a “roadmap” on the strategic approach to pharmaceuticals in the environment, particularly in the aquatic environment.
Concurrently, the EC launched a 12-week...more
On June 1, 2017, President Trump announced during a speech at the White House that the United States will withdraw from the Paris Agreement, fulfilling a campaign pledge to end the agreement that the President argued would...more
Spain is leading the fight against climate change with a proposed new Climate Change and Energy Transition Law.
The Spanish government regards climate change as one of the greatest challenges facing the country. ...more
Earlier this month, during a round of surprise inspections, Deputy Minister of the Ministry of Environmental Protection Zhao Yangmin publicly shamed the city officials of Langfang, a city in Hebei province, for failing to...more
The UK Department for Business, Energy & Industrial Strategy (BEIS) published a Green Paper on 23 January 2017, setting out the building blocks for the UK’s modern industrial strategy. Described by Theresa May as a “critical...more
The year ahead presents a series of challenges and opportunities for the development of environmental law across Europe. Notably, the Paris Agreement came into effect on 4 November 2016 and is now binding upon the signatory...more
1/18/2017
/ Climate Change ,
Energy Efficiency ,
Environmental Policies ,
EU ,
France ,
Germany ,
Italy ,
Paris Agreement ,
Spain ,
UK Brexit ,
Winter Package
The launch of the Ecodesign Working Plan 2016-2019, covering the eco-design and energy labelling framework last month is another key milestone in the Commission’s plan to transition the EU to a more circular economy.
...more
We have commented previously about the Transatlantic Trade and Investment Partnership (TTIP) and its relationship with environmental obligations. Here, following Brexit, we turn our attention to future trade arrangements for...more