Publication
Essential Corporate News: Week ending 24 May 2024
On 21 May 2024 the Financial Conduct Authority (FCA) published Primary Market Bulletin 49 (PMB 49) covering a range of topics covering a range of areas including those summarised below.
COP21
Publication | October 2015
Our global network of leading climate lawyers has created summaries of the positions that have been adopted by a number key nations in the lead up to COP21.
In the Lima Call for Climate Action adopted at COP20 in December 2014, nations were invited to submit their Intended Nationally Determined Contribution (INDC) to the United Nations Framework Convention on Climate Change Secretariat (UNFCCC Secretariat) well in advance of COP21. INDCs received by 1 October 2015 will be included in a synthesis report by the UNFCCC Secretariat on the aggregate effect of the INDCs, expected to be released by 1 November 2015. According to the UN Climate Change Newsroom, the INDCs aggregated in the synthesis report ‘will provide critical information necessary to tally the collective efforts and measure whether the world is on track for an effective agreement in Paris.’
INDCs are indications of each nation’s post-2020 emissions reduction targets and actions that the nation intends to take, having regard to its own domestic priorities, circumstances and capabilities. They are required to set out:
Most of the INDC’s submitted to date also contain either a specific or a general commitment to increasing the production of renewable energy.
Each of the profiles linked below summarises the INDC that has been released for several key nations. They also summarise the domestic law and policy that is currently in play for carbon market mechanisms and offset schemes, renewable energy, energy efficiency and financial support within that nation. It is this current position, and any announced policy for the future, that gives an indication of the ease or difficulty that the nation will have in meeting its target and the relative strength it will be bringing to the COP21 negotiations. This will become particularly important if INDCs become legally binding.
Publication
On 21 May 2024 the Financial Conduct Authority (FCA) published Primary Market Bulletin 49 (PMB 49) covering a range of topics covering a range of areas including those summarised below.
Publication
As the world enters the age of artificial intelligence, the use of technology in the legal sector continues to create interpretative difficulties and misunderstandings, sometimes with serious consequences, over seemingly trivial matters.
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