France Italy Slovakia called for EU carbon roll-back
Documents show that these countries are pressuring the EU to dilute and simplify CBAM due to excessive business complexity.
EFRAG, CDP Announce Interoperability
Interoperability enhances transparency, efficiency, and transparency for companies, enabling ESRS1 reporters to complete CDP disclosures and preparing them for CSRD reporting requirements
Morocco Greenlights $32.5 Billion Green Hydrogen Projects
Morocco aims to increase its renewable energy capacity to 52% by 2030 and establish itself as a significant hydrogen supplier in the EU
Here’s how the EU Plans to Decarbonize its Automotive Industry
The EU has drafted an action plan besides the Decarbonize Corporate Fleets Communication to promote green fleet practices
All that You Want to Know About the New EU Omnibus
The first ‘Omnibus’ package includes simplification in sustainable finance reporting, sustainability due diligence, EU Taxonomy, CBAM, and European investment programs
Fairness Concerns Cloud EU’s CBAM
CBAM, currently affecting only 1.64 percent of India’s total exports, is an additional tax burden and trade barrier
EU Postpones ESRS Deadline by Two Years
The new directive postpones the adoption of the ESRS for non-EU companies to June 2026, and the 2028 reporting obligations to 2030
Breathe Easier: Indian Steel Industry Makes Strides in Decarbonization
The Indian steel industry is emerging as a frontrunner in decarbonization.
Insufficient Action or Lack of Will to Implement?
In recent days, we have seen insufficient action by nations and corporates alike. For example, to meet its climate goals, the EU needs to cut its carbon emissions three times faster.
India to comply with CBAM during the transition phase
As India plans its own carbon tax, it is likely to accept the EU’s Carbon Border Adjustment Mechanism (CBAM)
EU tightens stand against forced labour
The European Parliament voted to bar products made with forced labor from the EU market. The move will be ensured through a set of regulations to be put in place to investigate the ‘forced labor’ in the supply chain.
Forests and carbon emissions: the tide will turn
European Union on June 29, 2023, introduced a regulation on deforestation-free products. How this translates into real-world scenario is this: operators trading these commodities in the EU market must have a certificate or legal documents to prove that the products do not originate from recently deforested land or have contributed to forest degradation.
