The European Union (EU) continues to lead global efforts in climate action through its Carbon Border Adjustment Mechanism (CBAM). On September 30, 2024, the European Commission announced plans to expand the scope of CBAM. To inform this initiative, a stakeholder
In line with global taxonomy initiatives aimed at defining and promoting sustainable economic activities, the draft “Türkiye Green Taxonomy Regulation,” aligned with the European Union (“EU”) taxonomy and tailored to Türkiye’s specific needs, has been published by the Ministry of
On May 27, 2024, the Council of Europe announced that member states have approved new regulations for an “Ecodesign” framework that sets sustainability requirements for almost all products across the European Union, and introduced a new ban on the destruction
The UK Emissions Trading Scheme (UK ETS) Authority of the UK government announced the launch of a new consultation package on May 23, 2024. This package proposes to extend the UK ETS to new sectors, including waste-to-energy and waste incineration,
As of January 2024, a European Union (“EU”) decision has assigned administering authorities to shipping companies, marking one of the final stages in the implementation of the Emissions Trading System (“ETS”) within the Union. This decision establishes a system for
On April 30, 2024, the European Commission announced the launch of an action plan against 20 airline companies, in cooperation with the European Union (EU) consumer authorities, due to deceptive greenwashing practices. This action plan focuses on additional charges passed