Indonesia, Malaysia, and the European Union will jointly develop a practical guide to the EU Deforestation Regulation (EUDR) for smallholders by November, according to the Council of Palm Oil Producing Countries (CPOPC). This intergovernmental body, which includes major palm oil producers such as Indonesia, Malaysia, and Honduras, announced that the collaboration aims to support smallholders…
The European Securities and Markets Authority (ESMA) is reviewing new rules on naming sustainable investment funds after concerns were raised that they may limit funding for polluters seeking to decarbonize. The rules, effective Nov. 21, restrict funds labeled as "green" or "sustainable" from investing in high-pollution sectors like oil, gas, and coal.
Fund managers may need…
The European Securities and Markets Authority (ESMA) has released the 2024 EU Carbon Markets Report, detailing the performance of the EU Emissions Trading System (EU ETS).
Key Findings:
Prices: EU ETS prices have dropped in 2023 due to lower demand, falling gas prices, and increased supply for the REPowerEU plan.
Auctions: 10 participants bought…
The state of California sued ExxonMobil on Monday, accusing the oil giant of misleading the public about the effectiveness of plastics recycling and contributing to the flood of bottles, bags and wrappers polluting waterways in the state and worldwide. In the first lawsuit of its kind, California Attorney General Rob Bonta (D) alleged that ExxonMobil…
On Sept. 18, as part of the U.S. Environmental Protection Agency’s efforts to prevent pollution and empower people to find products with ingredients that are safer for public health and the environment, the agency launched an Outdoor Use Safer Choice label. This new label expands on EPA’s existing Safer Choice label and would identify outdoor…
The world's top coffee body is set to request that the European Union postpone a requirement that imported beans come from areas not linked with deforestation, the group's head said on Wednesday 18 September. The rule, set to take effect at the end of the year, would ban sales of coffee - as well as…
The U.S. Commodity Futures Trading Commission (CFTC) approved on Friday the first guidelines for trading voluntary carbon credit derivative contracts in the country, a move expected to help bolster the nascent market. Carbon credit derivative contracts are financial instruments that derive their value from carbon credits, which represent the right to emit one metric ton…
A new report from Force for Good – “Capital as a Force for Good: Shifting the Global Order Through the Mass Mobilization of Solutions” – finds urgent action is needed now to unlock progress and achieve the SDGs. It identifies ‘Nine Big Ideas’ that, if scaled globally, have the potential to unlock SDG progress from…
The U.S. Environmental Protection Agency (EPA) Mid-Atlantic Regional Administrator Adam Ortiz met with residents, community leaders and local nonprofit Groundwork RVA to discuss environmental justice challenges during a visit to Richmond, Virginia on September 18. During his visit, Ortiz toured Groundwork RVA’s Hillside Farm, which focuses on sustainable land use and addressing food deserts by…
FERC Issues Notice Regarding Consultation with Federally Recognized Tribes on Whether to Conduct a Rulemaking to Revise the pro forma Large Generator Interconnection Procedures.
Find out more here.
Australia’s mandatory climate reporting starts January 1, 2025, following the passage of the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill. Royal Assent is expected soon, meaning entities will need to prepare for this new requirement. Under the new law, companies must conduct scenario analyses, evaluating both a low (1.5-degree) and high (2.5+…
The UN Conference of the Parties on Biodiversity (COP16) in Cali, Colombia, is poised to be a landmark event, bringing together a wide array of stakeholders to foster a collective approach to preserving and restoring the natural world. As the host country, Colombia will play a crucial role in setting the agenda for biodiversity discussions,…
