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UK Government Announces New Import Carbon Pricing Mechanism

Clean Energy Law

Green , and James Bee On 18 December 2023, the UK government announced a proposal for a new carbon border adjustment mechanism (UK CBAM). The UK ETS puts a price on greenhouse gases emitted by domestic producers, through a “cap-and-trade” system, in which total carbon emissions and allowances under the scheme are capped.

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China’s Stock Exchanges to Plan Sustainability Disclosure Rules for Big Companies

Clean Energy Law

Regulated Entities shall focus on “governance,” “strategy,” “impact, risk and opportunity management,” and “indicators and objectives” throughout their analysis and reporting processes. Timeline for Implementation The Guidelines are set to apply to the fiscal year of 2025, meaning that Regulated Entities must publish SDRs by April 30, 2026.

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Governing Emissions Trading in California and China

Legal Planet

As of 2021, 30 emissions trading systems were in force globally, covering 16 – 17 % of global greenhouse gas (GHG) emissions. As a compromise, California law (AB 398) has limited offsets to 4% of compliance obligations for the 2021-2025 period and capped the offsets without in-state benefits that can be utilized for compliance. .

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The Ontario government boasts about a “clean energy advantage” while dismantling it

Enviromental Defense

The Halton Hills Generating Station in Halton Hills, Ontario (Photo by Ian Willms) The “Clean Energy Advantage” In the budget, the government boasts about Ontario’s “clean energy advantage” even though it is actively whittling away at it. The current government acts like it’s somehow responsible for this feat.

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Greenhouse Gas Data Must be Collected Beginning January 1 in Maryland

Greenbuilding Law

This post is adapted from a Client Alert to commercial real estate owners and tenants in those buildings in Maryland about the new regulations requiring that beginning January 1, 2024 greenhouse gas emission data be collected for reporting to the state government.

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Renewables to become first global electricity source by 2025

Edouard Stenger

According to the International Energy Agency (IEA) , renewable energy sources are to become the first electricity source by 2025, surpassing dirty coal. As electricity generation is part of the main greenhouse gases emitter, having solar and wind growing at a breakneck pace is source for hope. Good news everyone !

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By 2025 all new homes built in Tokyo must include solar panels 

A Greener Life

Last week, regulators in the local assembly of Tokyo , the capital of Japan , ruled that all new homes constructed by large-scale homebuilders after April 2025 must install solar panels to cut emissions. By 2030 the Tokyo Metropolitan Government has set targets that aim to halve greenhouse gas (GHG) emissions compared to 2000 levels.

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