Global Climate Law Landscape Undergoes Significant Shifts
In recent years, the regulatory environment surrounding climate change has seen considerable transformation across various regions. Key developments are taking place from Australia to the United States, reflecting a global shift in addressing environmental challenges. These changes impact everything from legal frameworks to industry standards.
Regulatory Developments
Australia’s Environmental Protection Overhaul
Significant amendments to Australia’s Environment Protection and Biodiversity Conservation Act 1999 have been introduced through the Environment Protection Reform Act 2025 and the National Environmental Protection Agency Act 2025. These reforms aim to tackle climate change more effectively.
Mexico’s Sustainability Reporting
Mexico has introduced its first sustainability reporting standards, NIS A-1 and NIS B-1, effective from the fiscal year 2025. These standards require entities to disclose specified sustainability information in their financial reports.
UK’s Energy Efficiency Standards
The UK government has confirmed plans to raise Minimum Energy Efficiency Standards for larger commercial buildings, targeting an EPC B rating by 2031.
Litigation Highlights
UN Intervenes in Australian Court Cases
For the first time, the UN Special Rapporteur on the Human Right to a Clean, Healthy, and Sustainable Environment has intervened in three Federal Court proceedings in Australia, marking a significant step in international environmental litigation.
EU Court’s Decision on Taxonomy Criteria
The General Court of the EU has annulled the European Commission’s criteria for aircraft manufacturing under the Climate Delegated Act, emphasizing the need for assessments based on the activity’s characteristics and decarbonization potential.
Transactional Updates
Expansion of North America’s Carbon Market
California is expanding its cap-and-invest program by joining forces with Québec and Washington state, forming the world’s largest subnational emissions trading system.
Lawyer Spotlight
Liz Wild, a partner at Jones Day’s Sydney Office, is renowned for her expertise in environmental law. With over 30 years of experience, she is a leading figure in managing issues related to contaminated land and remediation law.
Widely recognized in major directories like Doyle’s Guide and Chambers, Liz Wild has advised on landmark cases involving liability for contamination and environmental disputes.
This article provides a general guide on the subject. Seek specialist advice for specific circumstances.
Original Story at www.mondaq.com