Until now, however, no comprehensive estimate existed of the of that opportunity, (or, to put it another way, the size of the financing gap between committed spending and the investment needed to deliver Net Zero by 2050...more
9/25/2023
/ Carbon Emissions ,
Climate Action Plan ,
Climate Change ,
Energy Policy ,
Energy Sector ,
Environmental Policies ,
EU ,
Greenhouse Gas Emissions ,
Infrastructure ,
Investment ,
Investment Management ,
Investors ,
Net Zero ,
Paris Agreement ,
Private Investment Funds ,
Renewable Energy ,
Supply Chain ,
Sustainability ,
Sustainable Finance ,
UK
The Commission has launched a far reaching consultation and review of SFDR, long expected by the industry. This bulletin provides an overview, as well as giving thought as to what we might see in terms of SFDR 2.0....more
9/25/2023
/ Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Investment ,
Investment Management ,
Investors ,
Regulatory Reform ,
SFDR ,
Sustainable Finance ,
Taxonomy ,
UK
In a judgment handed down on 12 May 2023, the English High Court has refused permission for UK environmental NGO ClientEarth to continue “derivative claims” on behalf of Shell against its directors in connection with their...more
The EU emissions trading system (the EU ETS) is one of the key pillars of the EU’s policy to combat climate change and to reduce greenhouse gas emissions from regulated sectors....more
We recently welcomed a stellar panel of guests to discuss how to drive more private investment in decarbonisation. Ambassador Patricia Espinosa, former executive secretary of the UN Framework Convention on Climate Change,...more
ClientEarth (an environmental charity) is challenging a decision by the UK Financial Conduct Authority (the FCA) to approve a prospectus of an energy company on the basis that it contains inadequate climate-related...more
The U.N. Human Rights Committee ruled in a watershed case that Australia has failed adequately to protect indigenous Torres Strait Islanders from the adverse effects of climate change....more
A fundamental shift is under way to embed sustainability into everyday corporate decision-making. This will require changes to governance regimes – and a new focus on directors’ duties....more
Setting a global price for carbon is critical to delivering Net Zero. But we have a long way to go before the necessary infrastructure is in place to deliver a fully functioning carbon market....more
The EU Emissions Trading System (the EU ETS) is one of the key pillars of the EU’s policy to combat climate change and to reduce greenhouse gas emissions from regulated sectors....more
In the context of COP26, the UK has taken the opportunity to issue an array of documents and proposals, hoping to establish its credentials (post Brexit) as a leading light on ESG and climate change, and a rival to the EU,...more
New Zealand’s Court of Appeal dismissed the first climate change litigation case brought in New Zealand targeting corporate defendants for their greenhouse gas emissions....more
The recommendations of the Task Force for Climate-related Disclosures (TCFD) are voluntary, but are fast gaining traction within sustainability/ESG policy and regulation.
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The EU Taxonomy Regulation has been in force since 2020, but a critical element of the Regulation – the Technical Screening Criteria (TSC) – has yet to be formally agreed. The European Commission’s announcement on 21 April...more
Following an extensive consultation process, the Equator Principles Association (EP Association) adopted a fourth iteration of the Equator Principles (EP4) on 18 November 2019. Originally, EP4 was due to come into effect on 1...more
The impact of the pandemic in 2020 has certainly pushed securities lending activity and the short side of the market under a microscope.
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The Financial Conduct Authority (FCA) has implemented a new Listing Rule applicable to premium listed commercial companies which is designed to help users of their financial statements understand how they are managing...more
On 4 March 2020, the European Commission (the Commission) published a draft EU climate law, along with inception impact assessments for an EU carbon border adjustment mechanism and revisions to the Energy Taxation Directive....more
The start of a New Year is a good time to take stock as to what we can expect in European environmental law and policy over the next 12 months. Unlike previous years, 2020 is already shaping up to be a momentous year at both...more
On 11 December 2019, the new European Commission announced its much-awaited European Green Deal (EGD)1, which sets out a wide range of major policy and legislative proposals to transition Europe to be ‘climate neutral’ by...more
At the end of last year, the Task Force on Climate-related Financial Disclosures (the Task Force) published its Recommendations Report on climate change related financial disclosures.
The 32-member Task Force was...more
The United Kingdom’s referendum vote to leave the European Union on 23 June 2016 has raised questions about the future direction of environmental and climate change policies in the UK. In the near term it is business as...more