During The First Session of the 14th National People's Congress, the Chinese government reported the goal to achieve lower energy intensity and main pollutants per gross domestic production value, aim to control fossil fuels consumption, and continue to improve the ecological environment in 2023...
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APAC
China:
During The First Session of the 14th National People's Congress, the Chinese government reported the goal to achieve lower energy intensity and main pollutants per gross domestic production value, aim to control fossil fuels consumption and continue to improve the ecological environment in 2023.
Green Industry Guidance Catalogue (2023) Drafted by National Development and Reform Commission (NDRC).
The Implementation Plan for the Allocation of Total National Carbon Emission Trading Quotas in 2021 and 2022 (Power Generation Industry) has been revealed by the Ministry of Ecology and Environment (MEE).
China's Ministry of Ecology and Environment (MEE) published guidance to seek clean development mechanisms for the development of the Chinese voluntary carbon market signaling a relaunch in the near future...
Indonesia:
Indonesian Firms are Set to Unlock Access to Huge Pool of Capital with Agreement on ESG Standards.
The Indonesia Stock Exchange (IDX) is set to launch its carbon trading platform in August, according to the Indonesian Carbon Trading Association…
Australia: The Australian Parliament passed both houses the Safeguard Mechanism (Crediting) Amendment Bill 2023, a bill for an act to amend legislation relating to emissions reductions, and for related purposes...
EMEA
EU:
EU Council and Parliament strike deal on energy efficiency directive.
MEPs back plans for a climate-neutral building sector by 2050.
Parliament votes to reduce member states’ emissions by 40%.
The Commission proposed the European Critical Raw Materials Act to ensure secure and sustainable supply chains.
ECB and the ESAs call for enhanced climate-related disclosure for structured finance products.
Provisional agreement to decarbonize the maritime sector.
European Commission requested to assess the financial system’s resilience to stress in the transition to the EU’s 2030 goals for the reduction of greenhouse gas emissions.
Council and Parliament reach provisional deal on renewable energy directive.
European Commission requested to assess the financial system’s resilience to stress in the transition to the EU’s 2030 goals for the reduction of greenhouse gas emissions…
UK:
UK Government Spring Budget 2023 speech indicates that subject to consultation nuclear power will be classed as “environmentally sustainable” in UK green taxonomy, giving it access to the same investment incentives as renewable energy.
United Kingdom's Department for Energy Security and Net Zero, HM Treasury, Department for Environment, Food & Rural Affairs, and Department for Business, Energy & Industrial Strategy published the 2023 Green Finance Strategy.
Bank of England report on climate-related risks and the regulatory capital frameworks…
AMER
US:
President Biden’s Budget Lowers Energy Costs, Combats the Climate Crisis, and Advances Environmental Justice.
The U.S. Department of Justice for the first time threw its support behind communities seeking to put major oil and gas corporations on trial in state court to hold them accountable for their climate deception and the resulting costs.
EPA Announces Final “Good Neighbour” Plan to Cut Harmful Smog, Protecting Health of Millions from Power Plant, Industrial Air Pollution.
U.S. President Joe Biden rejected a Republican proposal to prevent pension fund managers from basing investment decisions on factors like climate change…
Canada:
Office of the Superintendent of Financial Institutions (OSFI) issues a new Guideline on Climate Risk Management.
The Office of the Superintendent of Financial Institutions (OSFI) issues new Guidelines on Climate Risk Management, while an Investment Tax Credit for Clean Electricity has been announced in Budget 2023.
British Columbia releases a new framework to cap emissions, which will ensure oil and gas sector projects fit within the Canadian province’s climate commitments…