EU launches international coalition to develop nature credit markets

Launched at COP17, the informal group includes Australia, Canada, Japan and New Zealand and will explore how credits can attract private finance for ecosystem protection and restoration.

UK consults on extending CBAM to refinery products

Importers of petrol, diesel and other refined products could face carbon charges intended to protect UK refineries from overseas competitors subject to lower climate costs.

UK proposes fixed-price contracts for existing low-carbon generators

Existing wind, solar and hydroelectric plants in Great Britain could exchange volatile wholesale revenues for guaranteed prices, potentially reducing consumers’ exposure to gas price shocks.

US states sue over removal of corporate ownership disclosures

Twenty states and the District of Columbia say the US Treasury Department unlawfully removed a corporate transparency tool used to investigate money laundering, tax evasion and corruption, while planning to delete information already collected.

US-China relations: strategic competition takes precedence over economic decoupling

Steptoe partner Jonathan Drimmer examines how US legislation and the Trump administration's policies have diverged from Project 2025's proposals for a broader economic separation from China – with implications for human rights, trade, technology and corporate supply chains.

Forward Thinking

Martijn Scheltema: how commercial lawyers can help advance human rights

The Pels Rijcken partner and Business & Human Rights Lawyers Association co-chair discusses how lawyers can help companies put human rights commitments into practice through responsible contracting, effective due diligence and corporate governance.

Indigenous rights laws risk colliding with Canada’s resource ambitions

McMillan counsel Robin Junger says implementation of the UN Declaration on the Rights of Indigenous Peoples is creating uncertainty over major project approvals – as Canada’s federal government seeks to accelerate investment in energy, mining and infrastructure.

Re-learning SFDR through a value-creation lens 

Ruth Knox, partner and chair of the ESG and sustainable finance practice at Paul Hastings in London, examines how SFDR 2.0 could give fund managers greater flexibility while introducing new categorisation, disclosure and anti-greenwashing requirements.

Analysis

COP17 must resolve legal uncertainty to unlock Cali Fund investment, says Covington partner

Bart Van Vooren, a private sector observer on the Cali Fund's steering committee, says governments must clarify how contributions to the global biodiversity fund interact with national laws and benefit biodiversity if they want to attract substantial corporate finance.

Business and human rights pressure shifts from regulatory fines to litigation and reputation 

Jenner & Block partner Lucy Blake says companies face a changing business and human rights risk landscape as disclosure requirements, public scrutiny and reputational consequences become increasingly important alongside regulatory enforcement.

Canada’s legal architecture for critical minerals: what investors need to understand 

As Canada seeks to establish itself as a secure supplier of critical minerals for the energy transition and allied defence, McMillan's group head of ESG and sustainability, Radha Curpen, explains the legal developments investors and their advisors need to understand as the country's permitting and investment landscape evolves.

New EU green claims rules leave key compliance questions unresolved

Freshfields partner Tobias Timmann examines the practical challenges businesses face as the EU’s Empowering Consumers for the Green Transition Directive begins to apply on 27 September.

Focus: Asia-Pacific

Australian High Court invalidates coal expansion approval over Scope 3 conditions 

The court found that New South Wales planning authorities failed to consider whether requirements could minimise emissions from the eventual burning of exported coal, which represented 98% of the project’s predicted greenhouse gas emissions.

South Korea sustainability reporting rules put value-chain data in focus 

Herbert Smith Freehills Kramer partner Antony Crockett says South Korea’s forthcoming sustainability reporting regime will align with international standards – but obtaining reliable value-chain data could again prove a major challenge.

New Zealand’s modern slavery reporting regime could push businesses towards due diligence

New Zealand has stopped short of requiring companies to conduct human rights due diligence, but Bell Gully partner Richard Massey says the proposed disclosure requirements could encourage businesses to investigate and address risks within their supply chains.

Singapore consults on modified adoption of ISSB sustainability disclosure standards 

Draft proposals would make climate reporting mandatory while introducing several departures from the international baseline, including permanent relief for certain Scope 3 emissions disclosures.

Community

The Chancery Lane Project launches AI infrastructure for climate contract drafting 

New API and AI protocol allow legal technology platforms to integrate structured climate contracting expertise into research, drafting and contract review tools.

Eversheds Sutherland adds Bird & Bird partner in Hamburg

Alexander Wojtek advises lenders, investors and sponsors on cross-border renewable energy, battery storage and energy transition financings across Europe.

Forward Law Review announces editorial board 

New board brings together lawyers from nine firms and institutions across Europe and the United States.

Editor's Picks

Canada’s first federal youth climate trial to test constitutional obligations

Fifteen young Canadians are seeking a court order requiring the federal government to adopt a science-based climate recovery plan in La Rose v His Majesty the King, a case that could clarify the extent of Canada's constitutional obligations to protect people from climate-related harm.

US Supreme Court probes jurisdiction and pre-emption in Boulder climate case 

The justices questioned whether they can hear the appeal and whether Boulder’s state tort claims target alleged deception or seek indirectly to regulate global greenhouse gas emissions.

Human rights compliance is becoming a ‘business imperative’ 

Steptoe partner Jonathan Drimmer says forced labour import controls, sustainability disclosures and emerging human rights questions around data centres are pushing business and human rights law further into companies’ core legal and compliance functions.

IMO net-zero framework survives key talks as states seek compromise 

Opportunity Green’s Em Fenton says the IMO’s shipping climate framework emerged intact from September negotiations, preserving support for its economic element ahead of a potentially decisive meeting in December.

UK ties faster data centre development to environmental standards

The voluntary Data Centre Covenant offers priority grid connections and planning support to strategically important projects that meet conditions covering energy efficiency, water use and emissions reporting.

ESMA proposes simpler EU Taxonomy reporting

Technical advice submitted to the European Commission would narrow mandatory operating expenditure disclosures and remove the combined calculation currently required from diversified groups.

Australian lower house passes national gas reservation legislation

The proposed scheme would make export licences conditional on companies supplying Australian buyers with gas equal to as much as 20% of their annual exports.

Martijn Scheltema: how commercial lawyers can help advance human rights

The Pels Rijcken partner and Business & Human Rights Lawyers Association co-chair discusses how lawyers can help companies put human rights commitments into practice through responsible contracting, effective due diligence and corporate governance.