Trump Issues An Order to Stop State Laws Fining Oil Companies for Greenhouse Gas Emissions
President Trump, through a new executive order titled “Protecting American Energy from State Overreach,” aims to prevent states from imposing sanctions on fossil fuel companies for their greenhouse gas emissions. The order instructing the Department of Justice to take legal action against these state-level regulations has reignited the long-standing debate over the constitutional division of regulatory
New York Proposes Mandatory GHG Reporting for Large Emitting Sectors
The State of New York has taken a significant step in combating climate change by issuing a draft regulation that introduces a greenhouse gas reporting obligation for major emission sectors. Scheduled to enter into force in 2027, this regulation aims to establish the data infrastructure for the state’s long-term “cap-and-invest” emissions trading system and to enhance
Amendments to the Communiqué on Decree No. 32 on the Protection of the Value of the Turkish Currency
According to the Communique No. 2025-32/72 amending the Communique on the Protection of the Value of Turkish Currency published in the Official Gazette dated March 6, 2025, it is now possible for individuals residing in Türkiye to agree on the contract price and other payment obligations arising from contracts, other than vehicle sales contracts, in foreign
European Union’s Artificial Intelligence Act
Rapid advancements in artificial intelligence (AI) present both opportunities and challenges for societies worldwide. In response, the European Union has adopted the world's first comprehensive regulation on AI, the Artificial Intelligence Act (Regulation (EU) 2024/1689), to ensure AI development and deployment align with ethical standards, security concerns, and fundamental rights. This legislation seeks to foster innovation
Digitalization in Sustainability Transformation: The Impact of Artificial Intelligence on ESG Strategies
The global economic system is increasingly adopting environmental, social, and governance (ESG)-focused policies to achieve sustainable development goals. Companies, investors, and regulatory authorities are turning to innovative technologies to enhance sustainability performance, manage operational risks, and create long-term value. In this context, next-generation digital technologies, including big data analytics, automation, and smart algorithms, play a crucial
Artificial Intelligence and Law: Ethical and Regulatory Framework
Artificial intelligence (AI) is a subject of multifaceted debates in terms of law, ethics, and regulatory frameworks. As this rapidly advancing technology continues to evolve, it has significant impacts on legal systems and fundamental human rights. The place of AI in the realms of law, ethics, and regulation necessitates a broad examination that encompasses a variety
Artificial Intelligence and ESG: Converging Areas and Impacts
Environmental, Social, and Governance (ESG) factors have become central to sustainability objectives in today's business landscape. These factors encompass not only companies' financial performance but also their environmental impacts, societal responsibilities, and governance transparency. Technological advancements, particularly artificial intelligence (AI), play a crucial role in effectively achieving ESG goals. AI empowers companies to reduce environmental impacts,
UK CBAM Proposal
The government-issued document proposes calculating the UK CBAM costs for each quarter based on the average UK ETS auction prices from the previous quarter. Additionally, it suggests an adjustment to the UK ETS price to reflect the presence of free allocations in domestic industries. Furthermore, the government states that if imported CBAM goods are subject to
REACH, RoHS, and Conflict Minerals Regulations
REACH Regulation (Registration, Evaluation, Authorisation, and Restriction of Chemicals) Purpose and Scope: REACH is the European Union's regulatory framework for the production, marketing, and use of chemicals, primarily aimed at protecting human health and the environment from the adverse effects of chemicals. Implemented on June 1, 2007, it applies to companies manufacturing or importing at least
Expansion of the European Union’s Carbon Border Adjustment Mechanism (CBAM)
The European Union (EU) continues to lead global efforts in climate action through its Carbon Border Adjustment Mechanism (CBAM). On September 30, 2024, the European Commission announced plans to expand the scope of CBAM. To inform this initiative, a stakeholder consultation was launched, open from September 30 to October 25, 2024, to gather insights on the