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Global Regulatory Watch April 2023

China Securities Regulatory Commission (CSRC) released a public consultation to strengthen governance over the independent board of directors...

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APAC

China: The National Development and Reform Commission (NDRC) issued Guidelines for Feasibility Study Report for Investment Projects, including Section 5 for analysis of carbon peaking and carbon neutrality of investment projects. // China Securities Regulatory Commission (CSRC) released a public consultation to strengthen governance over the independent board of directors. // The Ministry of Finance, Ministry of Ecology and Environment, Ministry of Industry and Informa)on Technology issued the "Green Data Center Government Procurement Demand Standards (Trial)” no)ce, effective from June 1, 2023...


Hong Kong: HKEX Exchange Publishes Consulta)on Paper on Enhancement of Climate Disclosure under its ESG Framework...


Singapore: MAS Launches Finance for Net Zero Ac)on Plan. // China-Singapore Green Finance Taskforce (GFTF) to strengthen collaboration in green and transition finance...


EMEA

EU: The ESAs (European Supervisory Authorities published a joint Q&A on addressing key issues in The Sustainable Finance Disclosure Regula)on (SFDR). // ESAs propose amendments to extend and simplify SFDR. // Parliament adopts new law to fight global deforestation. // Parliament adopts key laws to reach 2030 climate target: Free allowances in the Emissions Trading System (ETS) to be phased out from 2026. Road transport and buildings in new ETS II from 2027. New carbon leakage instrument to protect EU industry and increase global climate. A Social Climate Fund to combat energy and mobility poverty. // EU proposaed to ending fast fashion: tougher rules to fight excessive production and consumption...



UK: Ministers and aviation chiefs have revealed an ac)on a plan for the next 2 years in the race to reach Jet Zero by 2050, including plans to accelerate the production of sustainable avia)on fuels (SAF). // Guidance and a calculator tool for hydrogen producers to use for greenhouse gas emissions reporting and sustainability...


AMER

US: Biden-Harris Administra)on Proposes Strongest-Ever Pollu)on Standards for Cars and Trucks to Accelerate Transi)on to a Clean-Transportation Future. // G7 ministers set big new targets for solar and wind capacity. // The U.S. Department of State and the United States Agency for International Development (USAID) Launch a Call for Concept Proposals for the Blended Finance for the Energy Transition Program...


Canada: Government of Canada invests in Zero Emission Public Transit Infrastructure in Toronto. This investment will help the TTC work towards electrifying its en)re opera)ons by 2040, and help Canada achieve net-zero emissions by 2050...

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