Under a proposed amendment to the UK’s Financial Services and Markets Bill, the Prudential Regulation Authority (PRA) could be empowered to review appropriate risk weighting and capital requirements associated with a...more
On February 13, 2023, as part of the European Commission’s Strategy for financing transition to a sustainable economy, the European Banking Authority (EBA) launched an industry survey seeking input on green loans and...more
3/6/2023
/ Climate Action Plan ,
Climate Change ,
Environmental Social & Governance (ESG) ,
EU ,
European Banking Authority (EBA) ,
Financial Institutions ,
Financial Services Industry ,
Green Loans ,
Mortgages ,
Small and Medium-Sized Enterprises (SMEs) ,
Sustainable Finance
On February 17, 2023, the European Commission granted approval for the Spanish and German governments to subsidize the construction of two renewable hydrogen-powered steel production facilities for Europe’s largest...more
3/3/2023
/ Carbon Emissions ,
Climate Action Plan ,
Climate Change ,
Environmental Social & Governance (ESG) ,
EU ,
Foreign Subsidies ,
Germany ,
Infrastructure ,
Spain ,
State Aid ,
Steel Industry ,
Sustainable Business Practices
On February 13, the Autorité des marchés financiers (AMF), the French financial regulator, proposed the introduction of legislation to establish “minimum environmental requirements” that must be met in order for financial...more
On January 16, 2023, the European Securities and Markets Authority (ESMA) announced the launch of a common supervisory action (CSA) in partnership with EU Member State national competent authorities (NCAs). The CSA will cover...more
2/13/2023
/ Climate Action Plan ,
Climate Change ,
Consumer Financial Products ,
Environmental Social & Governance (ESG) ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
Greenwashing ,
Marketing ,
MiFID II ,
New Guidance ,
Regulatory Agenda ,
Regulatory Requirements
On January 17, the Sustainable Markets Initiative (SMI) announced that its Asset Manager and Asset Owner Task Force (AMAO Task Force) has released a Transition Categorization Framework. The AMAO Task Force is comprised of 34...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
2/3/2023
/ Climate Action Plan ,
Climate Change ,
Energy & Climate Debates ,
Environmental Policies ,
EU ,
European Commission ,
Financing ,
Green Deal ,
Green Infrastructure ,
Investment Funds ,
Net Zero ,
Sustainable Projects
Recently, agents from Brazil’s environmental protection agency, the Institute of Environment and Renewable Natural Resources (Ibama), carried out the first significant environmental enforcement activity under the new...more
On January 13, an independent report was published into the UK government’s approach to delivering on its net zero obligations. The review, commissioned by the Department for Business, Energy & Industrial Strategy (BEIS), was...more
Foreign energy companies are taking initial steps to develop a large number of offshore wind farms along the coasts of Brazil and Colombia. As governments seek to reduce their carbon emissions to meet climate goals and...more
1/18/2023
/ Brazil ,
Clean Energy ,
Climate Action Plan ,
Climate Change ,
Colombia ,
Energy Projects ,
Environmental Social & Governance (ESG) ,
Infrastructure ,
Offshore Wind ,
Renewable Energy ,
South America ,
Wind Power
On January 9, the UK’s Department of Business, Energy & Industry Strategy (BEIS) launched a consultation aimed at better aligning the UK’s electricity generation market with the UK government’s net zero targets, including a...more
1/13/2023
/ BEIS ,
Carbon Emissions ,
Climate Action Plan ,
Climate Change ,
Electric Generation Suppliers ,
Energy Policy ,
Greenhouse Gas Emissions ,
Infrastructure ,
Oil & Gas ,
Power Plants ,
Regulatory Reform ,
UK
The United Nations Biodiversity Conference (COP15) ended in Montreal, Canada, on December 19, 2022 with a landmark agreement to protect at least 30% the planet’s lands, inland waters, coastal areas and oceans by 2030 (known...more
1/3/2023
/ Biodiversity ,
Board of Directors ,
Carbon Emissions ,
Climate Action Plan ,
Climate Change ,
COP ,
Corporate Issuers ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
Environmental Summit ,
Greenhouse Gas Emissions ,
Infrastructure ,
United Nations