Category: Market Update

RE100’s updated technical standards are set to kick in come January 1, 2024. These revisions come packed with adjustments: they introduce a strict deadline for commissioning renewable energy plants and redefine the boundaries of Europe’s single market for renewable energy. Additionally, they bolster the sustainability requirements for hydro and biomass energy sources. What should be…

This article was published on November 16, 2024. Since the published date, California’s governor, Gavin Newsom, signed into law Senate Bill 219 (SB 219), which enacts several amendments to the Climate Corporate Data Accountability Act (SB 253) and the Climate‐Related Financial Risk Act (SB 261), both of which are summarized in this previous Sidley Update.…

Singapore has always been at the forefront of innovation and sustainability. In the field of sustainability, the country has already implemented various policies and initiatives to address the challenges of climate change and reduce its GHG emissions. One of the key measures is the Singapore Carbon Tax. In this article, we will explore what the…

The United Nations’ COP28 will take place from November 30th to December 12th, 2023, in Dubai, United Arab Emirates. This year’s 28th session of the Conference of the Parties is expected to be a crucial moment for global climate action, as countries will review their progress and commitments under the Paris Agreement, which aims to limit…

The Asia Pacific region plays a pivotal role in the battle against climate change due to its extensive population, significant economic sway, and substantial carbon emissions. With nearly 60% of the world’s population, APAC contributes a 45% to the global GDP and carries approximately 50% of worldwide corporate emissions. The region is poised to play…

Dive into Mexico’s Renewable Energy Market Mexico’s energy regulation has allowed two different EACs, or Energy Attribute Certificates, to coexist and complement each other in the market: Clean Energy Certificates (CEL) and International Renewable Energy Certificates (I-REC). CLEAN ENERGY CERTIFICATE (CEL) With the implementation of the Electricity Industry Law, in 2014, the Wholesale Electricity Market…

As the global climate crisis continues to loom large, nations around the world are actively seeking innovative strategies to reduce greenhouse gas emissions and combat climate change. Germany, known for its commitment to renewable energy and sustainable practices, has introduced an ambitious funding program called Klimaschutzverträge, or Carbon Contracts for Difference (CCfD). WHAT IS THE…

WHY DO THESE REGULATED SUSTAINABILITY DISCLOSURES EXIST? For private companies, climate disclosures are currently done on a voluntary basis, often driven by stakeholder pressure. Though there are standard frameworks available through organizations such as CDP, GRI, and B Corp, a significant number of global companies still do not disclose or do so inconsistently. Both the…

Climate change has become a critical financial issue for corporations worldwide. The adverse effects of climate change pose significant risks to the profitability and sustainability of businesses across industries. Therefore, it has become evident that investing in climate change mitigation and adaptation strategies is necessary for business to survive. In this blog post, we will…