This draft law was recently approved to be submitted to the NPCSC for deliberation. On November 22, 2024, Chinese Premier Li Qiang presided over a State Council executive meeting, which discussed the draft law on hazardous chemicals safety. This draft law was approved to be… Read More »China Accelerates Legislation of Law on Hazardous Chemicals Safety

The COP29 climate conference in Baku, Azerbaijan, concluded after two weeks of intense negotiations with a deal to triple climate change-related finance flows to developing countries to $300 billion yearly over the next ten years, as well as notable advancements in the creation of global… Read More »COP29 Concludes with Goal to Increase Climate Finance to $300 Billion Annually

The European Commission announced today the release of its NextGenerationEU (NGEU) Green Bonds Allocation and Impact Report 2024, with information on the allocation of proceeds from the issuance of NGEU Green Bonds and their estimated realized and expected climate impacts, revealing that investments funded by… Read More »EU Commission Estimates Green Bond Investments to Reduce Emissions by 55 Million Tons per Year

The goal of Canada’s oil and gas sector is to lower carbon emissions. Environmentalists applaud the ruling but question if the government will be able to achieve its objectives. New rules have been issued by the Canadian government to reduce emissions from the country’s oil… Read More »Canada Establishes New Caps on GHG Emissions

EU member states in the European Council announced that they have adopted a new regulation aimed at banning products made with forced labor from being sold on the EU market, or exported. The adoption of the new rules by the EU Council marks the last… Read More »EU Adopts Rules Banning Products Made with Forced Labor

In an attempt to give local governments that are heavily indebted additional money, China’s Ministry of Finance announced that it would extend the Water Tax Interim Measures from ten provinces to the entire country, with effect from December 1. According to the ministry, the actions… Read More »China To Introduce Nationwide Water Resource Tax

The amended Enforcement Order of the Energy Use Rationalization Act was promulgated by the South Korean Ministry of Trade, Industry, and Energy on August 30, 2024, with the announcement that it will go into effect on September 1st of the same year. In the event… Read More »South Korea revises regulations on surcharges for automakers failing to meet CO2 emission or fuel economy standards

The results of the “Fit-For-55” climate stress test, which assessed how resilient banks, investment funds, the pension and insurance industries, and the overall economy are to the shift to a low-carbon economy, were released by the EU’s financial regulators. Even though transition risks by themselves… Read More »EU Regulators Urge Banks and Investors to Incorporate Climate Risks After “Fit-for-55” Stress Test

On October 2, 2024, the European Commission issued Regulation EU2024/2576, approving the compound 2-methyl-4-oxo-3-(prop-2-ynyl)cyclopent-2-en-1-yl 2,2-dimethyl-3-(2-methylprop-1-enyl)cyclopropanecarboxylate for use in Type 18 biocidal products under EU Regulation No. 528/2012. Details are provided in the table below.