The report focuses on the construction of the National ETS, CEAs allocation and surrender, and progress made since the launch of the National Voluntary Market. In recent years, China has attached great importance to the development of a national carbon market to promote cost-effective carbon… Read More »China Reports Progress on National Carbon Market
State-Level Initiatives Drive Change: Illinois and New York introduce significant climate disclosure regulations. Federal Supplier Rule Adds Momentum: New federal rule will require GHG emissions reporting from suppliers. Broader Implications for Corporates: Thousands of entities may face new mandatory disclosure requirements. Despite pushback against Environmental,… Read More »US Climate Disclosure Advances Amid ESG Pushback
The Ministry of Finance, Economic Stabilization and National Policies of Sri Lanka has published the Standardization and Quality Control Regulations under the Import and Exports (Control) Act, No.1 of 1969, while repealing the 2017 regulations on May 17, 2024. All 161 specified goods shall be… Read More »Sri Lanka Revamps Regulations on Standardization and Quality Control of Imports and Exports
In July, 2024, Vietnam approved the National Environmental Protection Plan for the period of 2021-2030, with a vision towards 2050. This comprehensive plan aims to strengthen environmental protection efforts and ensure sustainable development across the country, advancing towards the goal of net zero emissions by… Read More »Vietnam Approves National Environmental Protection Plan for 2021-2030, Vision to 2050
The program aims to establish carbon footprint accounting standards for about 200 items of products by 2030 On June 6, 2024, the Ministry of Ecology and Environment and 13 other central government departments of China announced a program for developing carbon footprint management framework in… Read More »Chinese government announces program for developing carbon footprint management framework
In June, 2024, the China Petrochemical Industry Federation released a draft national voluntary standard (GB/T) titled “Requirements of concentration limits for restricted substances in recycled plastics” on the National Public Service Platform for Standards Information. The draft standard specifies the concentration limits and test methods… Read More »China issues a draft GB/T to set concentration limits for restricted substances in recycled plastics
On July 12, 2024, the Ministry of Environment (MoE) revised the Packing Material Recyclability Rating Standard1. Specifically, the standards for rating the polyethylene terephthalate (PET) bottle’s recyclability are detailed in the new version. The modifications are specified as below: (1) Classification of PET bottles into… Read More »South Korea Revises the Packing Material Recyclability Rating Standards
As per an official notice issued on July 5, 2024, Vietnam has proposed a draft to revise Decree No. 06/2022/ND-CP on Mitigation of GHG Emissions and Protection of Ozone Layer. Decree No. 06/2022/ND-CP is a supplementary regulation for Vietnam’s Law on Environmental Protection 2020. It… Read More »Vietnam to Revise Decree on the Mitigation of Greenhouse Gas (GHG) Emissions and Protection of the Ozone Layer
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
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