The European Green Deal1 is a suite of new EU laws designed to support a just transition, first to reduce CO2 emissions by 55% by 2030 and with the ultimate aim of achieving climate neutrality by 2050 whilst at the same time...more
In this week’s edition, we discuss the European Parliament’s approval of a certification framework that is set to govern carbon removal activities, including the proper certification of carbon credits. Europe continues to...more
The European Commission has launched a public consultation and a call for evidence seeking opinions on the EU’s intermediary climate targets for 2040. This is a scheduled step in the EU’s ambition to reach net-zero emissions...more
On February 1, the European Commission (EC) launched its Green Deal Industrial Plan to “enhance the competitiveness of Europe’s net-zero industry and support the fast transition to climate neutrality.” According to the...more
The adopted position would mean that financial institutions fall under the remit of the regulation, requiring them to conduct additional due diligence on both established and new customers. On 13 September 2022, the...more
The Development - “Europe will need a considerable amount of sustainable investments to support its green transition. Although a significant share will come from the private sector, public support will play a role in...more
On 12 November 2020, the European Commission (EC) launched consultations on its initial plans to revise its 2014 Guidelines on State aid for environmental protection and energy (EEAG) and the corresponding provisions of the...more
In Short The Situation: The European Commission ("EC") recently unveiled its dual strategy plans to transform Europe's energy system. The European Union's ("EU") Energy System Integration Strategy and Hydrogen Strategy aim at...more
Introduction - On 8 April 2020 the European Commission published a consultation paper on its renewed sustainable finance strategy (the “Sustainability Strategy”). The Sustainability Strategy is a policy framework forming a...more
The European Commission announced recently that it seeks feedback on proposals to adopt new regulations which establish the framework for achieving EU-wide 'climate neutrality' by reducing greenhouse gas emissions to net zero...more
The European Commission took a significant step towards the decarbonisation of the European economy in December 2019 with its proposal of a "European Green Deal"....more