News & Analysis as of

Climate Change Climate Action Plan Australia

Jones Day

Mandatory Climate Disclosure Laws to Take Effect in Australia

Jones Day on

Australia has now officially passed laws that will introduce a mandatory climate-related financial disclosure regime from 1 January 2025. This is one of the most significant reforms to corporate financial reporting in...more

White & Case LLP

Proposed Australian Environmental Law Reforms

White & Case LLP on

The Australian Federal Minister for the Environment and Water has tabled proposed laws before the Australian Parliament to establish new national environmental agencies, enhance their enforcement powers and establish the...more

Jones Day

Climate Litigation in Australia Remains Active

Jones Day on

Australia continues to be a highly active jurisdiction for climate-related lawsuits. Since our last update in August 2023, we have seen a steady stream of suits commenced against corporations and government bodies in relation...more

Jones Day

Clean Fuel of the Future: Policy and Legislation Shaping Australia’s Hydrogen Industry

Jones Day on

In recent years, the Australian federal government has committed, at both the domestic and international levels, to ambitious renewable energy targets. Australia’s hydrogen sector is positioning itself to play an increasingly...more

White & Case LLP

Mandatory climate-related financial disclosures proposed for Australia

White & Case LLP on

Following two rounds of consultation, the Australian Government has released an exposure draft of the Treasury Laws Amendment Bill 2024: Climate related financial disclosure (Draft Bill) which would introduce mandatory,...more

Cadwalader, Wickersham & Taft LLP

Australia Regulator Initiates Greenwashing Suit Against Active Super Over ESG Investing Claims

On August 10, 2023, the Australian Securities and Investments Commission (ASIC) announced its third civil penalty proceeding this year for greenwashing against LGSS Pty Limited, which is trustee for superannuation fund Local...more

Jones Day

Climate Litigation in Australia: Current State of Play

Jones Day on

Australia continues to be a highly active jurisdiction for climate-related lawsuits. The last few years have seen multiple suits commenced against corporations and governments in relation to climate issues, with more filings...more

Cadwalader, Wickersham & Taft LLP

Australian Financial Regulator Mandated to Adopt Climate Reporting Standards

In June 2023, the Australian government published an updated Statement of Expectations for the Australian Prudential Regulation Authority (APRA), requiring it to, among other things, “promote prudent practices and...more

Cadwalader, Wickersham & Taft LLP

UK Government Sued Over Inadequate Assessment of Environmental Impacts of the UK-Australia Free Trade Agreement

In May 2023, Global Feedback, an environmental advocacy group based in the UK and the Netherlands, announced that it had filed legal proceedings against the UK government, claiming that it failed to adequately assess the...more

Cadwalader, Wickersham & Taft LLP

Australian Regulator Emphasizes Focus on Greenwashing Claims

In a speech delivered at the Australian Finance Review’s ESG summit on June 5, 2023, the Australian Securities and Investments Commission’s (ASIC) Chair, Joe Longo, warned companies that greenwashing is an ongoing concern for...more

White & Case LLP

A baseline-and-credit greenhouse gas emissions system for Australia: Reforms to the Safeguard Mechanism

White & Case LLP on

On 30 March 2023, the Australian Federal Parliament passed the Safeguard Mechanism (Crediting) Amendment Act 2023 (Cth) (Safeguard Act). The Safeguard Act, together with the Federal government's proposed reforms to the design...more

Jones Day

Evolving Carbon Markets: Australian Carbon Credit Units

Jones Day on

In late 2021, the Australian Federal Government released its long term plan to deliver net zero emissions by 2050. This plan relies in part on workings of the Emissions Reduction Fund, which is a voluntary scheme aimed at...more

Jones Day

Climate-Related Risk Heating Up Down Under

Jones Day on

Just days out from the 26th United Nations Climate Change Conference of the Parties ("COP26"), the Australian government has pledged to reduce greenhouse gas ("GHG") emissions to net zero by 2050. While Australia has been...more

Jones Day

Australian Court Rules Environmental Regulator is Duty Bound to Develop Climate Change Policies

Jones Day on

The Facts  In April 2020, a climate action group called Bushfire Survivors for Climate Action Incorporated ("BSCA") filed civil enforcement proceedings against the EPA in the NSW Land and Environment Court....more

White & Case LLP

"Wrong place...wrong time" - Key implications of the Gloucester coal mine decision

White & Case LLP on

What happened? The Chief Judge of the NSW Land and Environment Court in Australia has upheld the decision of the NSW Minister for Planning's delegate to refuse planning approval for the proposed Rocky Hill Coal Project...more

K&L Gates LLP

Australian Government Releases Further Details of its Direct Action Plan to Reduce Australian Greenhouse Gas Emissions

K&L Gates LLP on

The Australian Federal Government (Government) released a Green Paper on Friday 20 December as part of its Direct Action Plan on climate change policy. The Green Paper outlines the Government's preferred design for an...more

16 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide