NEWS AND ARTICLE2022-09-26T11:36:30+03:00

Canada Plastic Products Reporting Requirements

The Government of Canada has announced the launch of a new Federal Plastics Registry, requiring plastic manufacturers to report the quantity and type of plastic they place on the Canadian market and track its life cycle from production to end-of-life in the economy. According to the government's announcement, the new registration system supports Canada's goal of

European Union’s Net-Zero Industry Act

The Net-Zero Industry Act (NZIA), aimed at supporting the production of key technologies necessary for Europe to achieve its climate and energy goals, has been approved. Initially proposed by the European Commission in March 2023, the NZIA was approved by Members of the European Parliament on April 26, 2024, with 361 votes in favor and 121

European Union’s Greenwashing Action Plan for Airlines

On April 30, 2024, the European Commission announced the launch of an action plan against 20 airline companies, in cooperation with the European Union (EU) consumer authorities, due to deceptive greenwashing practices. This action plan focuses on additional charges passed onto consumers for supporting climate projects or using sustainable aviation fuel (SAF), as well as the

IFRS Sustainability Disclosure Taxonomy

The International Sustainability Standards Board (ISSB), operating under the International Financial Reporting Standards (IFRS), recently took a significant step in sustainability reporting by announcing the IFRS Sustainability Disclosure Taxonomy ("ISSB Taxonomy"). This digital tool is poised to fundamentally change how investors analyze sustainability-related financial disclosures, aligning with ISSB's most recent sustainability and climate-related reporting standards. This

UNITED KINGDOM SUSTAINABLE AVIATION FUELS

On April 25, 2024, the UK government announced that it had approved a target mandating at least 10% sustainable aviation fuel (SAF) in jet fuel blends by 2030. Sustainable aviation fuel, typically produced from renewable sources like waste oils and agricultural residues, is seen as a crucial tool to help decarbonize the aviation industry in the

SBTi Carbon Certificates and Carbon Credits in Net Zero Targets

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 reduction credits, in tackling Scope 3 value chain emissions as part of its corporate net-zero target-setting

European Union Forced Labour Regulation

On April 23, 2024, the European Parliament approved the EU Forced Labour Regulation, which contains rules prohibiting the import, sale, and export from the EU market of goods produced by forced labor. On April 23, 2024, the European Parliament approved the EU Forced Labour Regulation ("Regulation"), marking a significant step in the fight against forced labor

European Union Industrial Emissions Directive

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 of industrial activities. The European Green Deal necessitates revised European Union ("EU") measures against pollution from

Paris Court Ruling Decision in Lawsuit Filed Against Environmental NGO and Consulting Firm

On March 28, 2024, the Paris Judicial Court dismissed a lawsuit filed by TotalEnergies, one of France's largest oil and gas companies, against an environmental non-governmental organization ("NGO") and a consulting firm. The lawsuit, based on allegations of disseminating misleading information about the company, was dismissed because the subpoena issued by TotalEnergies was deemed too vague,

United Kingdom Carbon Border Adjustment Mechanism

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 is expected to be linked with the UK Emissions Trading System (“UK ETS”). The UK government

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