globalpccs

New Markets: Tariff eliminations boost NZ wood, wool, and eco-friendly exports. Climate Action: Agreement addresses fossil fuel subsidies and supports renewable energy. Sustainability Focus: Promotes trade in sustainable goods and services. New Zealand Secures Landmark Trade Deal New Zealand has finalized a pioneering trade deal… Read More »New Zealand Finalizes Historic Trade Deal with Costa Rica, Iceland, and Switzerland to Eliminate Tariffs on Sustainable Goods

To establish a nationwide unified sustainability disclosure system In May, 2024, the China’s Ministry of Finance released a draft named “Corporate sustainability disclosure standards: Basic principles” and started soliciting comments. The deadline for comments is June 24, 2024. According to the explanatory document released at… Read More »China issues draft of corporate sustainability disclosure standards

Pilot Opportunity: Financial Institutions (FIs) can pilot the new Financial Institutions Net-Zero (FINZ) Standard. Feedback Integration: Participants will provide essential feedback and gain insights during the development phase. Diverse Participation: SBTi seeks a varied group of FIs to ensure comprehensive feedback and representation. The Science… Read More »SBTi Invites Global Financial Institutions to Pilot Draft Net-Zero Standard

42,500 companies to report impacts aligned with GRI and ESRS standards. Comprehensive resources provided for CSRD compliance. Enhanced global relevance through collaboration with ISSB and other jurisdictions. With comprehensive disclosure requirements now applying to tens of thousands of companies under the EU Corporate Sustainability Reporting… Read More »GRI Introduces New Linkage Service to Align GRI Standards with EU CSRD Reporting Requirements

In May, 2024, the Resource Circulation Administration of the Ministry of the Environment of Taiwan held an industry meeting to discuss the draft of “Recycling levy and recycling subsidy rates of plastic packaging”. During the meeting, the Resource Circulation Administration clarified the scope of operators… Read More »Taiwan plan to raise the recycling levy for PET plastic packaging

Key Impact Points: €3 billion aid to support biogenic CO2 capture and storage in Sweden. Competitive bidding to award grants for capturing at least 50,000 tonnes/year. Boosts Sweden’s climate targets and EU’s 2050 climate neutrality goal. The European Commission has approved a €3 billion Swedish… Read More »EU Commission Approves €3 Billion Swedish Scheme for Carbon Capture and Storage to Reduce Biogenic CO2 Emissions

A public statement on the first application of the European Sustainability Reporting Standards (ESRS) was released by the European Securities and Markets Authority (ESMA), the EU’s market regulator. The statement aims to assist businesses in getting ready for the new sustainability reporting and supervisory requirements… Read More »ESMA Calls on Companies to Get Data Systems in Place to Meet New CSRD Sustainability Reporting Requirements

Japan implemented a phased-in ban on PFOA isomers, their salts, and PFOA-related compounds, prohibiting their use in a wide range of products while allowing limited essential applications. According to the Gazette on July 10, 2024, Japan has revised the Enforcement Ordinance of the Chemical Substance… Read More »Japan Bans PFOA Isomers, Their Salts and PFOA-related Compounds