The first global stocktake, Article 6, carbon markets, new finance pledges, and the loss and damage fund formed the major developments at this year’s conference.
Between November 30 and December 12, 2023, Dubai hosted the...more
12/28/2023
/ Climate Change ,
COP ,
Dubai ,
Energy Market ,
Energy Sector ,
Environmental Policies ,
Greenhouse Gas Emissions ,
Oil & Gas ,
Paris Agreement ,
Renewable Energy ,
UNFCCC ,
United Nations
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
11/1/2023
/ Carbon Capture and Sequestration ,
Climate Change ,
Energy Storage ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
National Energy Act ,
Net Zero ,
New Legislation ,
Nuclear Power ,
Public Projects ,
Renewable Energy ,
Tender Offers ,
UK ,
UK Competition and Markets Authority (CMA)
Renewable fuels of non-biological origin would play an expanded role in satisfying EU decarbonisation targets.
The European Council has formally endorsed the proposed amendments to Directive (EU) 2018/2001 on the...more
7/7/2023
/ Carbon Emissions ,
Clean Energy ,
Climate Change ,
Electricity ,
Energy Projects ,
Energy Sector ,
EU ,
EU Directive ,
Green Energy ,
Hydrogen Power ,
Member State ,
Power Plants ,
Renewable Energy
The EU has implemented a range of measures to promote the sustainability and competitiveness of the battery value chain.
Batteries play a crucial role across key sectors of the global economy and society, helping to...more
The government has announced the launch of ESG standards to help companies transition to renewable energy.
On 11 April 2023, the Malaysian government announced that it will introduce a framework on environmental, social,...more
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
3/31/2023
/ Carbon Capture and Sequestration ,
Climate Change ,
Energy Sector ,
Environmental Policies ,
Federal Funding ,
Green Finance ,
Green Initiatives ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Net Zero ,
Nuclear Power ,
Public Policy ,
Renewable Energy ,
UK
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
Extensive negotiations focused on finalizing the details of a “rulebook” for an international carbon market under Article 6 of the Paris Agreement.
The 27th annual Conference of Parties (COP27) of the United Nations...more
11/17/2022
/ Biden Administration ,
Carbon Emissions ,
Climate Change ,
COP ,
Energy Sector ,
Environmental Policies ,
Greenhouse Gas Emissions ,
John Kerry ,
Methane ,
Paris Agreement ,
Renewable Energy ,
UNFCCC ,
United Nations
The Glasgow conference was praised as a huge step forward in tackling climate change, but also drew criticism for not going far enough.
Between 31 October and 12 November 2021, Glasgow hosted the 26th annual Conference...more
Since establishing the People’s Bank of China’s Green Finance Task Force in 2014, China has encouraged green financing mechanisms through a variety of pioneering initiatives. For example, the country has designated five green...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
The first solar farm has successfully launched in the UK without government subsidisation. Clayhill Solar Farm, a 10 megawatt (MW) site near Flitwick in Bedfordshire, is capable of generating enough power for 2500 homes. ...more
Market research has long recognized China as the largest investor in its own domestic renewable energy industry. According to Bloomberg New Energy Finance, China invested US$102 billion in 2015 alone....more
On 8 July 2017, the G20 summit in Hamburg issued a Climate and Energy Action Plan for Growth (the Plan). The Plan reaffirms the commitment of the countries (excluding the United States (US) — which announced its intended...more
Last year, 86 % of the 24.5 GW of new generating capacity installed in the EU came from renewable energy sources, specifically from wind, solar, biomass and hydro, breaking the previous record of 79% in 2014. This new water...more
China’s National Development and Reform Commissions (NDRC) – the country’s chief economic planning body – announced that a “green certificates” program for solar and wind power will be launched beginning on July 1, 2017. The...more
The Vice-President of the European Investment Bank, Jonathan Taylor called for “a renewed effort from the world’s financial institutions to make the Paris Agreement a reality” at the COP 22 Conference, held last month in...more
The Autumn Statement (the Statement) highlighted sustainability of public finance as key to securing a strong and stable economy for the UK. The need to prioritise longer-term sustainability schemes over short-term economic...more
According to a recent report released by Clean Energy Pipeline, global clean energy backing in the first half of 2016 totalled US$116.4 billion. China was the largest investor, financing US$15.3 billion worth of solar and...more
Following the recent UK referendum result, attention is now turning to the legal implications for specific policy areas.
While the overwhelming majority of the UK’s environmental legislation is derived from EU...more
7/21/2016
/ Climate Change ,
EFTA ,
Emissions Trading System ,
Energy Market ,
Energy Policy ,
Energy Sector ,
Environmental Policies ,
EU ,
EU Single Market ,
Permits ,
Pollution Control ,
Renewable Energy ,
UK ,
UK Brexit ,
UNFCCC
France adopted an ambitious energy transition package in August 2015 that sets out various targets designed to achieve the gradual de-carbonisation and increased sustainability of its economy.
The package includes...more
China has made notable strides to transition towards a lower-carbon economy. Most recently, local authorities were ordered to halt construction of coal-fired power plants in 13 provinces where capacity already outstrips...more
The Paris Agreement, adopted by 195 countries following the 21st session of the Conference of Parties (COP 21), is the first multilateral agreement on climate change that covers almost all of the world’s emissions. The Paris...more
4/18/2016
/ China ,
Climate Change ,
Emissions Trading System ,
Energy Efficiency ,
Energy Policy ,
EU ,
European Commission ,
Greenhouse Gas Emissions ,
Intended Nationally Determined Contributions (INDC) ,
Investors ,
Paris Agreement ,
Popular ,
Renewable Energy
China’s 13th Five-Year Plan – Planning for a Greener Economy -
Last month China’s thirteenth “Five-Year Plan” (FYP13) was approved, setting out a social and economic development blueprint for the country for the next...more
4/14/2016
/ China ,
Climate Change ,
Emissions Trading System ,
Green Bonds ,
Greenhouse Gas Emissions ,
Intended Nationally Determined Contributions (INDC) ,
Paris Agreement ,
Popular ,
Renewable Energy ,
Reporting Requirements ,
Shanghai Stock Exchange ,
Solar Energy ,
Subsidies ,
Transportation Industry ,
Wind Power
China launched a green bond pilot initiative via the Shanghai Stock Exchange, encouraging further foreign investment in a rapidly growing asset class and paving the way for issuances by non-financial institutions....more
4/6/2016
/ Bonds ,
Capital Markets ,
China ,
Climate Change ,
Corporate Issuers ,
Financial Institutions ,
Foreign Investment ,
Green Bonds ,
Renewable Energy ,
Shanghai Stock Exchange ,
Sustainability