On April 9, 2024, the Science Based Targets initiative (SBTi), a significant organization focused on aligning corporate environmental sustainability actions with global targets to limit climate change, announced plans to expand the use of environmental attribute certificates, such as emissions
On April 12, 2024, the European Council approved the revision of the Industrial Emissions Directive (“IED”) and the regulation for the establishment of the Industrial Emissions Portal (“IEP”), two complementary legal frameworks aimed at regulating and monitoring the environmental impact
The UK government has announced that the UK Carbon Border Adjustment Mechanism (“UK CBAM”) will be implemented by 2027, one year after the European Union Carbon Border Adjustment Mechanism (EU CBAM) becomes fully operational in 2026. The UK CBAM implementation
The European Parliament approved the adoption of a new European Green Bond (EuGB) label on October 5, 2023, aimed at combating greenwashing and providing confidence to investors that their investments are directed towards financing sustainable business activities and technologies.
On February
The European Council announced on October 9, 2023, that it had adopted two significant legislations, marking an important step. The first directive among the adopted legislations aims to nearly double the share of renewable energy consumption in the European Union
On September 19, 2023, the legislative bodies of the European Union (EU) Parliament and the EU Council announced a provisional agreement on new rules aimed at protecting consumers from misleading sustainability claims and greenwashing practices.
This proposal intends to amend the