On September 5, 2023, the Corporate Leaders Group Europe (CLG Europe) published a position paper urging the European Union to cut its greenhouse gas (GHG) emissions by at least 90% by 2040, and asked EU member states to...more
10/31/2023
/ Carbon Emissions ,
Climate Action Plan ,
Climate Change ,
Energy Policy ,
Energy Reform ,
Environmental Policies ,
EU ,
Greenhouse Gas Emissions ,
Infrastructure ,
Paris Agreement ,
Pollution Control ,
Regulatory Agenda ,
Regulatory Reform ,
Renewable Energy
In August 2023, the UK government announced that it would publish guidance on emissions monitoring and reporting for public sector organizations in order to help achieve its aim to reduce direct greenhouse gas emissions from...more
In August 2023, the UK Parliament’s Environmental Audit Committee launched an inquiry into the current and future role of private finance in nature recovery, in order to meet its goal of reaching Net Zero by 2050 while...more
The UK Climate Change Committee (CCC) recently released its 2023 statutory report, evaluating the UK’s progress towards reducing greenhouse gas emissions and meeting carbon reduction targets. This report, mandated by the...more
9/7/2023
/ Carbon Emissions ,
Climate Action Plan ,
Climate Change ,
Energy Policy ,
Environmental Policies ,
Fossil Fuel ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Infrastructure ,
Net Zero ,
Pollution Control ,
Regulatory Agenda ,
Regulatory Reform ,
UK
On June 21, 2023, the General Court of the European Union rejected an action brought by a Member of the European Parliament (MEP) seeking to annul European Commission legislation that identified certain activities related to...more
8/2/2023
/ Climate Action Plan ,
Climate Change ,
Corporate Governance ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Parliament ,
Natural Gas ,
Nuclear Power ,
Sustainable Business Practices ,
Taxonomy
In June 2023, the Science Based Targets initiative (SBTi) published a draft of its Financial Institutions Net Zero (FINZ) Standard to enable financial institutions to establish targets consistent with achieving net-zero...more
7/26/2023
/ Carbon Emissions ,
Climate Action Plan ,
Climate Change ,
Consultation Papers ,
Consumer Financial Products ,
Financial Institutions ,
Financial Services Industry ,
Financing ,
Net Zero ,
Paris Agreement ,
Renewable Energy
On April 28, 2023, the European Commission and the European Investment Bank (EIB) announced their intention to jointly provide €18 billion in funding to finance projects covering climate action, clean energy and connectivity...more
On April 18, 2023, eight Greenpeace organizations (the organizations) filed a lawsuit against the European Commission at the European Court of Justice following the Commission’s inclusion of natural gas and nuclear energy in...more
5/24/2023
/ Climate Action Plan ,
Climate Change ,
Court of Justice of the European Union (CJEU) ,
Environmental Justice ,
Environmental Social & Governance (ESG) ,
European Commission ,
Greenpeace ,
Infrastructure ,
Natural Gas ,
Nuclear Power ,
Oil & Gas ,
Taxonomy
As part of the European Central Bank’s (ECB) 2021 action plan to incorporate climate change considerations into its monetary policy, the ECB conducted a climate risk stress test of the Eurosystem balance sheet in 2022. Those...more
The European Central Bank (ECB) has published its first climate-related financial disclosures. The disclosures provide information on ECB portfolios, including detailing their carbon footprints and exposure to climate risks,...more
The European Commission last month announced a proposed Net-Zero Industry Act designed to drive the investment in and the growth of the clean technology manufacturing sector. The proposed Act is part of the Green Deal...more
Climate Action 100+, a climate-focused investor initiative, last month announced an updated framework designed to help investors assess and engage with public companies on climate-related issues. Its March 23 statement...more
The Bank of England released a report titled Climate-Related Risks and the Regulatory Capital Framework (Report) on March 13, 2023. The Report expands on the Bank’s 2021 Climate Change Adaptation Report (CCAR), in which it...more
3/28/2023
/ Bank of England ,
Banks ,
Capital Requirements ,
CCAR ,
Climate Action Plan ,
Climate Change ,
Financial Institutions ,
Financial Services Industry ,
Net Zero ,
Risk Assessment ,
Risk Management ,
UK
On February 28, a French court dismissed an action filed by six French and Ugandan NGOs aiming to force the suspension of TotalEnergies’ multibillion-dollar oil pipeline project in Uganda and Tanzania. The NGOs based their...more
3/27/2023
/ Climate Action Plan ,
Climate Change ,
Critical Habitat ,
Energy Projects ,
EU ,
France ,
Health and Safety ,
Human Rights ,
Infrastructure ,
Oil & Gas ,
Pipelines