Climate change agreements exempt from competition law, says CMA
The CMA's Green Agreement Guidance provides long-awaited clarity on how companies can collaborate for the environment.
The UK’s Competition and Markets Authority’s Green Agreements Guidance treats climate change agreements with particular leniency, but all types of environmental collaboration included in the guidance are safe from enforcement action.
The document released last week explains how competition law – specifically the ‘Chapter I prohibition’ in the Competition Act 1998 – applies to “environmental sustainability agreements” between companies that operate at the same level of the supply chain.
