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  29.11.2023

  United Kingdom

  Changes to UK Energy Savings Opportunity Scheme (ESOS) Requirements

  Changes to the well-established Energy Savings Opportunity Scheme (ESOS), a UK wide mandatory energy assessment scheme, came into force on Thursday, 29 November 2023 by virtue of the Energy Savings Opportunity Scheme (Amendment) Regulations 2023. The changes affect the date of assessment notification (extending it by six months), exemptions, add to the scope of data to be collected, and require further implementation considerations/analysis and evaluation of energy saving opportunities. Participants in the scheme should adapt their assessment approach and ensure compliance...

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  29.11.2023

  Turquía

  Pioneering carbon border adjustment mechanism enters into force

  The world is facing a serious climate crisis and the challenges of climate change require global response. That is why the European Union (“EU”) is taking the lead and demonstrating international leadership with bold domestic action. With the European Green Deal (“Green Deal”), the EU has set out a roadmap of far-reaching and effective legislation to protect the environment and prevent climate change. The Green Deal sets out new policies to achieve the targets of a 55% reduction in carbon emissions by 2030 and zero carbon emissions by 2050. New sectoral criteria, carbon...

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  21.11.2023

  United Kingdom

  UK consults on sector-specific guidance for climate transition plans and disclosures

  In order to achieve the UK’s commitment of net-zero greenhouse gas (GHG) emissions by 2050, the UK government, in 2021, committed to move towards making the publication of climate transition plans mandatory, and announced the establishment of the Transition Plan Taskforce (TPT).In October 2023, the TPT published its final sector-neutral Disclosure Framework. This has now been followed, on 13 November 2023, by the publication of seven “Sector Deep Dives” for consultation, setting out additional sector and specific guidance for asset managers, asset owners, banks, electric utilities...

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  17.11.2023

  United Kingdom

  UK Call for Evidence on Scope 3 emissions reporting

  The Department for Energy Security and Net Zero (DESNZ) is inviting comment until 14 December 2023 on the costs, benefits, and practicalities of Scope 3 greenhouse gas (GHG) emissions reporting in the UK, and feedback on the existing Streamlined Energy and Carbon Reporting (SECR) framework. The Call for Evidence acknowledges that Scope 3 GHG emissions can account for anywhere between 80-95% of the total value chain of an organisation’s footprint and contribute to reaching the UK’s Net Zero target by 2050. It recognises that Scope 3 disclosures are becoming increasingly important...

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  09.11.2023

  Europe

  CMS Life Sciences Vital Signs, Winter 2023

  2023 has seen some significant legal developments impacting the life sciences industry, and as we look ahead to 2024, there are several important developments which we would like to keep our clients informed of.In the UK, beginning in January 2024, the UK will roll out a new International Recognition Procedure for medicines approved in trusted jurisdictions. There are also new public procurement rules on the horizon as the Procurement Bill has been progressing through the Houses of Parliament, with the aim to make the UK’s public procurement regime more efficient and transparent.In Europe,...

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  09.11.2023

  United Kingdom

  The Energy Act 2023

  The Energy Act 2023 (the Act) received Royal Assent on 26 October 2023, and represents a significant step in the UK's efforts to achieve net zero emissions by 2050. The Act introduces measures to support the deployment of low-carbon technologies, such as carbon capture, utilisation and storage (CCUS) and hydrogen. It also introduces a licensing and zoning regime in relation to heat networks and creates the successor body responsible for the UK’s electricity and gas networks: the Independent Systems Operator and Planner.  Several provisions of the Act came into force on...

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