The 2020 wildfire season alone released more carbon dioxide than what California reduced through years of emission cuts.
By Marc Campopiano and Joshua Bledsoe
California is a recognized leader in climate policy, but a wildfire crisis is threatening to unwind progress towards the state’s ambitious climate goals. In 2006, with the passage of AB 32,
The Council’s position includes a number of differences from the European Commission’s original proposal, including in relation to the requirement to diligence the broader value chain.
By Paul A. Davies, Michael D. Green, and James Bee
On 30 November 2022, the European Council (the Council) — which comprises the views of the EU Member
The third version introduces several new disclosure recommendations ahead of what is supposed to be a “Paris moment” for biodiversity in Montreal.
By Paul A. Davies, Michael D. Green, James Bee, and Austin Pierce
As environmental ambitions continue to grow, much attention has focused on climate. A key focal lens for that
From 2024 at the earliest, more European and global companies will need to disclose their ESG activities in greater detail.
By Paul A. Davies, Michael D. Green, and James Bee
On 10 November 2022, the European Parliament adopted a final version of the Corporate Sustainability Reporting Directive (CSRD). The CSRD will require large
Extensive negotiations focused on finalizing the details of a “rulebook” for an international carbon market under Article 6 of the Paris Agreement.
By Jean-Philippe Brisson, Paul A. Davies, Sarah Fortt, Betty M. Huber, Michael Dreibelbis, and Qingyi Pan
The 27th annual Conference of Parties (COP27) of the United Nations Framework
TPT’s proposed best practice includes four elements for effective disclosure of transition plans, aligned with GFANZ’s and the ISSB’s disclosure recommendations.
By Paul A. Davies, Michael D. Green, and James Bee
On 8 November 2022, the UK’s Transition Plan Taskforce (TPT) launched a draft of its proposed Transition Plan Disclosure Framework (the TPT
The Final Report recommends five themes that financial institutions should incorporate into their net zero transition strategies.
By Paul A. Davies, Michael D. Green, and James Bee
On 1 November 2022, the Glasgow Financial Alliance for Net Zero (GFANZ) issued its Final Report on the Fundamentals, Recommendations, and Guidance for Financial Institution Net
Hong Kong’s Core Climate aims to facilitate trading of carbon credits, while the Hub plans to expedite Singapore’s ESG ecosystem growth.
By Farhana Sharmeen, Paul A. Davies, and James Bee
On 28 October 2022, the Hong Kong Exchange and Clearing Limited (HKEX) launched Core Climate, Hong Kong’s International Carbon Marketplace. The birth of
The FCA hopes the proposals will protect consumer trust in ESG-related financial products and help consumers navigate the increasingly complex ESG-related financial market.
By Paul A. Davies, Nicola Higgs, Michael D. Green, James Bee, and Anne Mainwaring
On 25 October 2022, the UK’s Financial Conduct Authority (FCA) issued a consultation paper
Three funding opportunity announcements and a finance program provide significant investments to support carbon capture and sequestration.
By Jennifer Roy, Janice Schneider, Joshua Bledsoe, and Brett Frazer
Demand for carbon capture and sequestration (CCS) to meet global and national climate goals is on the rise. The International Energy Agency (IEA) 2020 World