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Carbon Emissions Australia

K&L Gates LLP

January 2025 ESG Policy Update—Australia

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Australian - Update Mandatory Climate-Related Financial Disclosures Come Into Effect - The first phase of the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 (Cth) (Bill) commenced on...more

K&L Gates LLP

December 2024 ESG Policy Update—Australia

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Australian Update - Australia Commits AU$75 million to Singapore's FAST-P Clean Energy Transition Initiative - On 3 December 2024, the Australian Government approved an AU$75 million equity investment in the Singapore...more

K&L Gates LLP

October 2024 ESG Policy Update–Australia

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On 25 September 2024, the Federal Court ordered a large superannuation trustee (Trustee) to pay the highest penalty imposed for greenwashing conduct yet–AU$12.9 million. This comes off the back of the Federal Court in early...more

White & Case LLP

Navigating the New Era of Greenwashing Regulations in the Fashion Industry

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In recent years, sustainability and ESG compliance have become pivotal factors in consumer purchasing decisions. The luxury fashion industry, as a significant contributor to CO2 emissions, faces increasing scrutiny in this...more

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - September 2024 #2

In this week’s edition, we discuss a drop in support for ESG shareholder proposals at one of the world’s largest asset managers; a decision by a U.S. federal court to strike down an anti-ESG investing rule in Missouri; and...more

K&L Gates LLP

ESG—Australia - Carbon Offsets: Australian Regulatory Framework

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Taylor Swift’s “Eras Tour” was one of the highest grossing music tours of all time with approximate proceeds exceeding US$1 billion. While this is a monumental feat, Taylor Swift also gained negative attention during the tour...more

White & Case LLP

Constructing the low-carbon economy

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With an unprecedented momentum for the construction of new major projects linked to the shift away from fossil fuels and the development of a low-carbon economy, there is a real focus on construction law issues relevant to...more

A&O Shearman

Emerging Asia powering ahead with decarbonisation agenda

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Asia is at the forefront of the global challenge to balance economic development, climate adaptation and mitigation, and energy security. The region is diverse, dynamic and pragmatic, facing both the risks and opportunities...more

Cadwalader, Wickersham & Taft LLP

Australian Government Seeks Input on Implementation of Carbon Credit Scheme

In August 2023, the Australian Department of Climate Change, Energy, the Environment and Water (DCCEEW) solicited feedback on proposed amendments to the Australian Carbon Credit Unit (ACCU) Scheme. This is the third step in...more

K&L Gates LLP

ESG Policy Update – Australia

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Australian Update - Warnings Issued About Active Investment Greenwashing As reported by the Australian Financial Review, Australian Securities and Investments Commission (ASIC) has warned that superannuation funds who justify...more

K&L Gates LLP

ESG Policy Update–Australia

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Australian Update - Addressing Modern Slavery Risks in Renewable Energy Supply Chains - As the modern slavery risks in the supply chains of renewable energy producers and markets come into focus (ABC|GreenBiz), the office of...more

K&L Gates LLP

BTR Series Part 8: BTR and Sustainability—An Opportunity to Drive Decarbonisation in the Built Environment

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In Part 8 of our build to rent (BTR) series, we highlight the significant opportunity for new build residential developments to adopt sustainability and energy efficiency initiatives in the BTR market in Australia and help...more

Jones Day

Climate Litigation in Australia: Current State of Play

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Australia continues to be a highly active jurisdiction for climate-related lawsuits. The last few years have seen multiple suits commenced against corporations and governments in relation to climate issues, with more filings...more

Jones Day

Shake-Up of the Australian Carbon Market

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Accelerating Emissions Reductions - Over the coming weeks and months, the Australian Parliament will debate proposed reforms to important aspects of the country's emissions reduction plans. If enacted, the reforms will...more

Spilman Thomas & Battle, PLLC

Energy Industry Insights: V 7, Issue 2, January 2023

GOP Attorneys General Sue Labor Department Over ESG Rule - “GOP senators, joined by Manchin, oppose the new rule, which gives asset managers more freedom.” Why this is important: The article describes reaction to...more

Cadwalader, Wickersham & Taft LLP

Australian Carbon Market and Safeguard Mechanism Reform

A recently published independent review of Australia’s carbon credit units (ACCU) scheme, commissioned by the Australian government, has found that the ACCU scheme is “essentially sound,” but provides 16 recommendations to...more

Jones Day

Australian Carbon Credit Scheme Under Scrutiny

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With a change of Australia's federal government in May 2022, there has been a radical shift in the country's position on climate change mitigation and the energy transition. The new Labor government has committed to a carbon...more

Jones Day

Evolving Carbon Markets: Australian Carbon Credit Units

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In late 2021, the Australian Federal Government released its long term plan to deliver net zero emissions by 2050. This plan relies in part on workings of the Emissions Reduction Fund, which is a voluntary scheme aimed at...more

White & Case LLP

Sharma v Minister for the Environment: A setback for climate change claimants as landmark decision is overturned on appeal

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In a setback for climate change claimants, on 15 March 2022 a three-judge panel of the Full Federal Court of Australia overturned the earlier decision of the Federal Court of Australia in Sharma v Minister for the...more

Hahn Loeser & Parks LLP

“OK, Doomer”: Climate Change Litigation Led by Our Youth and Indigenous Peoples

In both Australia and the United States, indigenous peoples and the younger generation have been raising the torch in instituting legal battles to challenge the government and the private sector regarding climate change...more

Jones Day

Climate-Related Risk Heating Up Down Under

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Just days out from the 26th United Nations Climate Change Conference of the Parties ("COP26"), the Australian government has pledged to reduce greenhouse gas ("GHG") emissions to net zero by 2050. While Australia has been...more

Jones Day

Australian Conservation Group Challenges EPA's Decision to Renew Coal-Fired Power Stations' Licences

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Proceedings filed by public interest group Environment Victoria represent the first climate change litigation in Australia to challenge the licence to operate of coal-fired energy producers. A public interest group has filed...more

K&L Gates LLP

Hydrogen Rising: Creating Demand: Australia’s Star Scientific, a Demand-Side Hydrogen Activator

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Andrew Horvath, Global Group Chairman of Australia’s Star Scientific, speaks with Hydrogen Rising co-hosts David Wochner and Kelly Davies about the Hydrogen Energy Release Optimiser (HERO®), his company’s award-winning,...more

Jones Day

Federal Court of Australia Rules That the Government Owes Duty of Care to Australian Youth on Climate Change

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The Situation: In a landmark judgment, on 27 May 2021, the Federal Court of Australia ruled in Sharma v Minister for the Environment [2021] FCA 560 (Sharma) that, when deciding whether or not to grant approval to a coal mine...more

K&L Gates LLP

A Novel Duty of Care? Recent Developments in Australian and International Climate Change Law

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In the past month, a number of landmark developments have occurred in climate change law in Australia and overseas, which have the potential to materially impact emissions intensive corporations and projects. These reflect...more

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