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Global Regulatory Watch August 2022

Guidelines to accelerate the construction of a system for calculating carbon emissions unveiled. US Senate passage of the Inflation Reduction Act. France to ban fossil fuel adverts…

More ESG Research and Insights are Available from Subscription to GC Insights Monthly ESG Regulatory Watch: info@gc-insights.com



APAC


China

  • National Development and Reform Commission, the National Bureau of Statistics, and the Ministry of Ecology and Environment has unveiled guidelines to accelerate the construction of a system for calculating carbon emissions.

  • State-owned Assets Supervision and Administration Commission announced Supervision and Management Measures for Energy Conservation and Ecological Environmental Protection of State-Owned Enterprises effective from Aug 1.

  • The Ministry of Transportation (MOT) has released a notice to implement new national standards for a green transportation system to promote energy conservation and carbon reduction with Green Transportation Standard Framework 2022.

  • Ministry of Industry and Information Technology (MIIT) and other departments published the Science and technology support carbon peak carbon neutrality implementation plan 2022~2030.

  • MIIT released carbon peaking implementation plan for the industrial sector.

  • MIIT and other departments jointly published notice to promote and optimise the development of the country's photovoltaic industry.

  • China Meteorological Administration published the China Climate Change Blue Book 2022.

  • List of climate investment and financing pilots published by the Ministry of Ecology and Environment (MEE).

  • Taiwan: Taiwan FSC (Financial Supervisory Commission) to Require Emissions Disclosures in Annual Reports in 2024


Australia

  • The Financial Services Council (FSC) of Australia and its fund management members are leading the transition to a lower emissions economy following the release of guidelines that will help combat climate change and greenwashing.

  • The Australian Securities and Investments Commission (ASIC) issued information sheet (INFO 271) on How to avoid greenwashing when offering or promoting sustainability-related products…


India

  • India passes bill to set up a domestic carbon market and ban export of carbon credits



EMEA


EU

  • The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today published the annual update of its Reporting Manual on the European Single Electronic Format (ESEF).

  • ESMA proposes improvements to the EU regime of third country benchmarks…


France

  • France to ban fossil fuel adverts…


UK

  • Renewable energy innovation boosted by £37 million government funding across the UK…



AMER


US

  • US Senate Passage of the Inflation Reduction Act.

  • California climate rule to halt sale of new petrol cars by 2035.

  • White House Takes Action on Climate by Accelerating Energy Efficiency Projects Across Federal Government.

  • Whitehouse’s new draft National Strategy outlines recommendations for developing “Statistics for Environmental-Economic Decisions” to reflect natural assets on the national balance sheet. Highlights a framework for investment opportunities that would work to address the causes of environmental injustices by shedding light on environmental dependencies.

  • The Biden-Harris Administration announced the Climate Smart Buildings Initiative, which will leverage public-private partnerships to modernize Federal buildings to better meet agencies’ missions, create good-paying jobs, and cut greenhouse gas (GHG) emissions.

  • The US President has signed the CHIPS and Science Act of 2022.

  • The National Bank of Georgia approved the Sustainable Finance Taxonomy and the Regulation on Loan Classification and Reporting according to the Sustainable Finance Taxonomy.


More ESG Research and Insights are Available from Subscription to GC Insights Monthly ESG Regulatory Watch: info@gc-insights.com


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