On May 24, 2024, the European Council announced the approval of the Corporate Sustainability Due Diligence Directive (“CS3D”) by the Member States. This marked the final step in the adoption of the law, which imposes mandatory obligations on large companies
The Critical Raw Materials Act (“CRMA”), proposed by the European Commission on March 16, 2023, aims to ensure a diverse, secure, and sustainable supply of critical raw materials for European Union (“EU”) industries and came into force on May 23,
On May 27, 2024, the Council of Europe announced that member states have approved new regulations for an “Ecodesign” framework that sets sustainability requirements for almost all products across the European Union, and introduced a new ban on the destruction
On April 23, 2024, the European Parliament approved the EU Forced Labour Regulation, which contains rules banning the import, sale, and export of products produced by forced labour in the European Union (“EU”) market.
The UK Emissions Trading Scheme (UK ETS) Authority of the UK government announced the launch of a new consultation package on May 23, 2024. This package proposes to extend the UK ETS to new sectors, including waste-to-energy and waste incineration,
As of January 2024, a European Union (“EU”) decision has assigned administering authorities to shipping companies, marking one of the final stages in the implementation of the Emissions Trading System (“ETS”) within the Union. This decision establishes a system for