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Global Regulatory Watch December 2022

China’s “14th FYP for Modern Logistics Development Plan” announced, Australia released “Climate-related financial disclosure Consultation paper”, Deal reached on EU Carbon Border Adjustment Mechanism…

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APAC

  • China: The National Development and Reform Commission (NDRC) has issued the “14th FYP for Expanding Domestic Demand Strategic Plans”// The General Office of the State Council released its “14th FYP for Modern Logistics Development Plan” // Implementation Plan for Improvement of Market-Oriented Green Technology Innovation System (2023-2025) Issued // Catalogue of Low-carbon Technologies announced...


  • Australia: The Australian government announced a “Climate-related financial disclosure Consultation paper” from 2 December 2022 to 17 February 2023…


  • Malaysia: Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) announced the launch of Malaysia’s pioneer voluntary carbon market with the introduction of the Bursa Carbon Exchange (“BCX” or “Carbon Exchange”)…


EMEA

  • EU: EU Council adopts decision on offsetting requirements for air transport emissions (CORSIA). // Provisional deal reached on EU emissions trading system and social climate fund. // Provisional deal reached to create a sustainable life cycle for batteries. // Deal reached on Carbon Border Adjustment Mechanism (CBAM). // Provisional deal reached to close gender pay gap. // European Banking Authority (EBA) publishes its roadmap on sustainable finance. // Provisional deal to cut down deforestation worldwide…


  • UK: The FCA has established a new advisory committee to the FCA’s Board to work on Environmental, Social, and Governance (ESG) issues… 


  • Switzerland: The Federal Council published position on the prevention of greenwashing in the financial sector and report on “Sustainable finance in Switzerland: Areas for action for a leading sustainable financial centre, 2022–2025”…


AMER

  • US: The Board of Governors of the Federal Reserve System (Board) is requesting comment on draft principles that would provide a high-level framework for the safe and sound management of exposures to climate-related financial risks for Board-supervised financial institutions with over $100 billion in assets. // Biden-Harris Administration Announces $3.7 Billion to Kick-Start America’s Carbon Dioxide Removal Industry.…


  • Canada: Minister of Transport announces new sound requirements for hybrid and electric vehicles. // Government of Canada announces six projects to prevent gender-based violence in the Prairies. // Government of Canada accepting funding applications for the Green and Inclusive Community Buildings Program…





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