globalpccs

The Stock Exchange of Hong Kong announced that all listed companies will be obliged to start making mandatory disclosures on climate change in accordance with the new reporting rules of the International Sustainability standards Board (ISSB) of the IFRS Foundation, starting with the 2025 reporting… Read More »Hong Kong Exchange will start requiring climate disclosure based on IFRS in 2025

By a vote of 361 to 121, members of the European Parliament approved the Net-Zero Industry Act (NZIA), a new law designed to encourage EU production of essential technologies required to meet Europe’s energy and climate goals. The NZIA was initially proposed by the European… Read More »EU Parliament Approves New Law to Boost Manufacturing of Key Decarbonization Technologies

The European Parliament announced the approval by MEPs on the Legal Affairs Committee by a 21-2 vote of a proposal to delay key aspects of the Corporate Sustainable Reporting Directive (CSRD) by 2 years, including the adoption of standards for companies to provide sector-specific sustainability… Read More »EU Lawmakers approve 2 year delay of sustainability reporting standards for specific sectors and non-EU companies

The guiding opinions emphasize green power, recycling, etc. On Feb. 29, 2024, China’s Ministry of Industry and Information Technology and other six central government departments issued “guiding opinions” on accelerating the green transformation of the manufacturing sector. These opinions include objectives for 2030 and 2035,… Read More »China issues guiding opinions on accelerating green transformation of manufacturing sector

Stricter limits by 2030 for a number of air pollutants. All member states should have equivalent air quality indicators. Citizens’ rights to compensation and access to justice. In the EU, air pollution causes over 300,000 premature deaths annually. The goal of the amended law is… Read More »The EU Parliament Have Set Stricter Air Quality Regulations for 2030 to Reduce Pollution and Premature Deaths

The Corporate Sustainability Due Diligence Directive (CSDDD), a crucial piece of legislation requiring businesses to address their negative impacts on human rights and the environment, was adopted by the European Parliament by a vote of 374 to 235. This vote removed a major obstacle to… Read More »The EU Parliament Adopts Sustainability in Human Rights and the Environment Due Diligence Statute

On March 15, 2024, the Korea Consumer Agency (KCA) announced that it investigated into the current state of packaging and advertising of consumer chemical products, 14 out of 50 products investigated were found to violate the packaging and advertising restriction standards of the Consumer Chemical… Read More »South Korea products violating packaging and advertising restrictions of BPR law, plans to issue corrective order

Inventory of U.S. Greenhouse Gas Emissions and Sinks The U.S. Environmental Protection Agency released its latest annual Inventory of U.S. Greenhouse Gas Emissions and Sinks (GHG Inventory), which presents a national-level overview of annual greenhouse gas emissions from 1990 to 2022. Net U.S. greenhouse gas… Read More »EPA Publishes Annual US Greenhouse Gas Inventory

The U.S. Securities and Exchange Commission announced that it has paused the implementation of its recently released climate disclosure rules requiring companies to report on climate-related risks and greenhouse gas (GHG) emissions, as it awaits a court review of the new rules following a series… Read More »SEC Pauses Climate Disclosure Rules Amidst Legal Challenges