On 9 April, the UK Transition Plan Taskforce (TPT) released its final set of transition plan resources, following the release of draft resources in November 2023. The current release includes the final set of sector-specific guidance documents, guidance on undertaking transition planning cycles and exploring the disclosure recommendations as well as independent advisory
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European Court of Human Rights finds first violation of Convention rights based on climate change
In R (on the application of Boswell) v Secretary of State for Transport [2024] EWCA Civ 145 the Court of Appeal considered the extent to which the cumulative carbon emissions of a nationally significant infrastructure project should be assessed.
Key Points
- A wider assessment of cumulative carbon emissions for nationally significant infrastructure projects will not always
…
Adaptation – From Paris to Dubai and beyond
Momentum for adaptation action is growing across the board – but who will lead the way?
With the effects of climate change already being felt around the world, climate mitigation measures, while important, may not be enough. More than ever, equal attention needs to be given to climate adaptation – to protect, and ensure the…
The Third Wheel podcast: COP28 – the debrief with Silke Goldberg
COP28 – the debrief with Silke Goldberg
Tim Stutt and Mel Debenham are joined by Silke Goldberg to debrief COP28 through the lens of four paradigm shifts – (1) climate finance, (2) fast tracking the energy transition and emissions reduction, (3) nature and people, and (4) the “just transition”. They close with reflections on the…
Greenwashing dispute risks – International perspectives
With companies increasingly making environmental claims and a rise in ESG regulation, we outline the risks of greenwashing allegations in three key markets
Fuelled by the global spread of ESG and climate-related disclosure obligations and coupled with pressures from increasingly ESG-driven stakeholders, businesses are saying more than ever about their environmental and social performance. These…
Innovation, IP and the energy transition – Creative tensions
Reconciling the need for breakthroughs to back the energy transition with the commercial drivers required to achieve them will demand thoughtful use of IP
The scale of the change needed to tackle climate change is enormous and it is clear the global transformation to a low carbon economy will be underpinned by technological innovation. Incredibly,…
The future of the UK ETS – UK ETS Authority publishes its response to 2022 consultation
On 3 July 2023, the UK ETS Authority (the “Authority“) published its response to the consultation launched in 2022 in relation to “Developing the UK Emissions Trading Scheme” (the “Consultation“) (the “Response“). The Consultation, which ran from 25 March 2022 to 17 June 2022, sought views on a number of proposals to develop the UK…
Court of Appeal rejects second major attempt at a climate-related derivative action
In July 2023, the Court of Appeal upheld the first instance decision in McGaughey & Anor v Universities Superannuation Scheme Limited [2023] EWCA Civ 873 (“McGaughey“), dismissing the application by members of a pension scheme to bring a derivative action against the directors of the scheme’s trustee company.
McGaughey and ClientEarth v Shell, taken together,…
Hong Kong delays enhanced climate-related disclosures for listed companies pending ISSB’s adoption guide
The Hong Kong Stock Exchange has delayed its proposed amendments to the Listing Rules to enhance climate-related disclosures which were originally targeted for implementation on 1 January 2024. The rule changes are now expected to come into effect on 1 January 2025, which will give more time to the market to prepare for the additional…
UK government launches call for evidence on scope 3 emissions reporting
UK government seeks views on the costs, benefits and practicalities of Scope 3 emissions reporting to inform whether it endorses the International Sustainability Standard Board’s sustainability disclosure standards.
The Department for Energy Security and Net Zero (“DESNZ“) has launched a call for evidence on Scope 3 greenhouse gas emissions (“GHG“) reporting. Scope 3 emissions are…