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Singapore Unveils Blueprint for Sustainable Air Hub

The Civil Aviation Authority of Singapore will also launch 12 key initiatives, including a levy on sustainable aviation fuel and low-carbon electricity imports. The Civil Aviation Authority of Singapore (CAAS) has launched...more

UK Energy Act 2023 - What to Know About the Landmark Act

The Act demonstrates the UK’s renewed commitment to reaching net zero and paves the way for players in key industries to achieve their targets. On 26 October 2023, the UK Energy Act 2023 (the Act) received Royal Assent....more

UK Announces Updates to Green Finance Strategy

The government published a new document outlining its existing and proposed objectives to develop the UK’s sustainable economy. On 30 March 2023, the UK government published an updated version of its Green Finance...more

WBSCD Publishes New Guidance on Avoided Emissions to Incentivise Shift to Net Zero

The guidance, published by a key entity behind the Greenhouse Gas Protocol, provides information on reporting of avoided emissions, and eligibility criteria for companies. On 22 March 2023, the World Business Council for...more

UK “Green Day” - Key Policy Measures Announced to Fuel Investment in Green Energy and Achieve Net Zero

The UK government has unveiled a number of measures with the overall purpose of reaching net zero by 2050 and meeting the UK’s climate targets. On 30 March 2023, on what has been called the UK’s “green day”, the UK...more

European Commission Adopts Proposal to Promote Repair of Goods

As part of the European Green Deal ambitions, the proposal encourages sustainable consumption through additional incentives to repair products to reduce waste and emissions. On 22 March 2023, the European Commission...more

European Commission Proposes Net Zero Industry Act and Critical Raw Materials Act

The proposals form part of the Green Deal Industrial Plan and aim to scale up technology and materials for the energy transition. On 16 March 2023, the European Commission (Commission) formally proposed two legislative...more

European Commission Releases Communication on the Green Deal Industrial Plan

The Plan aims to “simplify, accelerate and align incentives to preserve the competitiveness and attractiveness of the EU as an investment location for the net-zero industry”. On 1 February 2023, the European Commission...more

GFANZ Issues Guidance on Net Zero Plans for Financial Institutions

The Final Report recommends five themes that financial institutions should incorporate into their net zero transition strategies. On 1 November 2022, the Glasgow Financial Alliance for Net Zero (GFANZ) issued its Final...more

UK Government Announces Review of Net Zero Target

The outcome of the review may signal what climate-related laws and policies to expect in the UK in the coming years. On 8 September 2022, newly appointed UK Prime Minister Liz Truss announced that Chris Skidmore MP, a...more

ECB and IMF Call to Avoid Fragmentation in Global ESG-Related Disclosure Requirements

The call highlights the challenges in developing alignment between global ESG reporting standards. The European Central Bank (ECB) and the International Monetary Fund (IMF), two of the world’s leading public financial...more

UK Launches Taskforce to Take the Lead in Climate Transition Plans

HM Treasury’s Transition Plan Taskforce aims to influence international standard setting and make the UK the world’s first net zero-aligned financial centre. On 25 April 2022, HM Treasury (HMT) announced the launch of...more

6 Sustainability Takeaways in EU Antitrust & Regulatory - December 2021

Truly Green? CMA Continues to Evolve Guidance and Metrics for Companies’ Environmental Claims - The Competition and Markets Authority’s (CMA’s) Green Claims Code (the Code) and final guidance (the Guidance) on...more

New Global Initiatives Aim to Consolidate Climate and Sustainable Finance Standards

The SBTi’s standard aims to clarify the target for net zero emissions, whilst the Common Ground Taxonomy indicates China-EU cooperation on sustainable finance issues. Last month, the Science Based Targets initiative...more

UK Welcomes Formation of International Sustainability Standards Board

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

UK Net Zero Strategy: Understanding the Impact on Key Sectors

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

UK Government Launches Hydrogen Strategy and Business Model Consultation

Strategy positions UK as a world leader in the hydrogen space, supporting 9,000 plus jobs and unlocking £4 billion in investment by 2030. On 17 August 2021, the Department for Business, Energy and Industrial Strategy...more

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