The first draft of the Artificial Intelligence Act (the “AI Act”) was proposed by the EU Commission in April 2021 and it became the first substantive framework of its kind. It aims to provide a single framework for AI products and services used in the… Read More »The EU’s AI Act And Product Safety
On a proposal to provide the first EU-level certification system for permanent carbon removals, carbon farming, and carbon storage in goods, Council and European Parliament negotiators established a tentative political agreement. The EU’s deployment of high-quality carbon removal and soil emission reduction initiatives is meant… Read More »EU Sets Path for Climate Neutrality with Carbon Removal Certification Framework
The Australian government has revealed the release of new draft legislation that would require large and medium-sized businesses to report on climate-related risks and opportunities as well as greenhouse gas emissions throughout the value chain. The new proposed law’s climate-related disclosure requirements are intended to… Read More »Australia Introduces New Law Making Climate Reporting for Businesses Mandatory
In an effort to create a Financial Institutions Net-Zero Insurance Standard, the SBTi has released a new Insurance Underwriting Industry Brief. The banking industry has a huge opportunity to speed up the private sector’s decarbonization efforts. Metrics and target-setting procedures for the lending and investment… Read More »SBTi Introduces a New Industry Brief to Launch Net-Zero for Insurance Underwriting
In an attempt to strengthen cooperation between the two nations in the field of sustainable energy solutions and further their shared global objective of being carbon neutral, Denmark has launched the Green Fuels Alliance India (GFAI) program. The new alliance is a strategic initiative headed… Read More »India and Denmark Form Alliance for the Development of Green Fuels
Introduction The Draft End-of-Life Vehicles (Management) Rules, 2024 were released by the Ministry of Environment, Forests, and Climate Change of India (MoEFCC) on January 30, 2023. Beginning in April 2025, the draft rules will create an Extended Producer Responsibility (EPR) scheme for automakers and other… Read More »India Announces Draft on End-of-Life Vehicles Rules
The California Restriction of Hazardous Substances (RoHS) regulation came into effect on January 1, 2007, renowned for its progressive environmental policies, and has instituted rigorous regulations to tackle electronic waste and hazardous substances. Among these regulations is the California Restriction of Hazardous Substances (RoHS). California… Read More »California RoHS
Last October, the European Union (EU) implemented the Carbon Border Adjustment system (CBAM), initiating a two-year transitional period during which importers of commodities covered by the system with EU bases would have to declare the embedded carbon emissions of their imports. Beginning in 2026, import… Read More »Understanding the EU’s carbon border adjustment mechanism
The European Securities and Markets Authority (ESMA), which oversees EU markets, recently released an updated version of its proposed guidelines for the use of sustainability and ESG terms in investment fund names. One of the new features is the addition of a new category called… Read More »Updates to the Proposed Rules for Fund Names Using “ESG” or “Sustainability” Terms by the EU Markets Regulator
On December 2, 2023, the Malaysian Department of Environment (DOE) announced that 420,000 ringgit in fines were levied for the unlawful disposal of chemical waste in 2019. The motorist who illegally dumped almost 900 tonnes of greasy sludge into a river and P Tech Resources,… Read More »Malaysia Slams 420,000 Ringgit Fine for Illegal Dumping of Hazardous Waste and Air Pollution Violations
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