Policy & Standards CSDDD: Back to the drawing board after EU Council rejects draft "There is still time for member states to get their act together and to stop blocking this law. But that time is rapidly running out." Melodie Michel 28 February 2024
Policy & Standards EU Parliament adopts Nature Restoration Law The law now has to be adopted by the EU Council before entering into force. Melodie Michel 27 February 2024
Policy & Standards CSDDD vote: Make-or-break week for EU due diligence directive It’s unclear whether advocates of the bill have managed to garner sufficient support during the hiatus. Melodie Michel 27 February 2024
Policy & Standards CBAM will bring only minimal emissions reduction, ADB warns ADB found that CBAM will reduce global emissions by just 0.2% more than a regular emissions trading scheme. Melodie Michel 26 February 2024
Policy & Standards SEC said to have removed Scope 3 requirement from climate rule The agency received 16,000 comments on its initial draft, and that the majority of them opposed Scope 3 reporting. Melodie Michel 23 February 2024
Policy & Standards EU Carbon Removal Certification Framework: Provisional deal leaves many gaps The framework provides more clarity on how to generate credits from carbon farming but lacks greenwashing safeguards. Melodie Michel 20 February 2024
Policy & Standards CSDDD: What would a failed EU due diligence legislation mean for businesses? Observers are increasingly doubtful that the EU’s flagship supply chain due diligence legislation will make it past the finish line before EU Parliament elections this June. Melodie Michel 19 February 2024
Operations & Finance US$2 trillion a year needed to meet 2030 renewable energy goal The world is on track to invest US$6.6 trillion in renewables and grids from 2024 to 2030, leaving a funding gap of just over US$5 trillion. Melodie Michel 13 February 2024
Policy & Standards Chinese stock exchanges eye mandatory climate disclosures for listed companies The current draft mandates annual Scope 1 and 2 emissions reporting, as well as comprehensive climate adaptation assessments and governance disclosures. Melodie Michel 12 February 2024
Policy & Standards EU postpones due diligence directive vote amid wavering support The European Council decided to wait after realising the bill would likely not get the qualified majority needed to pass. Melodie Michel 12 February 2024