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ESG and sustainability
Law for a sustainable future
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On March 9, 2023, the European Commission (EC) adopted changes to its State aid framework to support its “Green Deal Industrial Plan for the Net-Zero Age” (the Net Zero Plan) presented in February 2023. The Net Zero Plan is part of the European Green Deal, which aims to make Europe the world’s first climate-neutral continent by 2050.
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The CMA’s Initial Report (Report), published on 18 September 2023, considers three levels of the AI Foundation Model (FM) value chain (although it focuses predominantly on the first two levels):
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On 5 April 2023 the long-awaited draft amendment to Delegated Act EU 2021/2139 including draft technical screening criteria in Annex 1 (the Draft Delegated Act) was published by the European Commission heralding the inclusion of aviation as a transitional activity within the EU Taxonomy Regulation. Following consultation, the draft was then updated on 13 June 2023 and published as part of the European Commission’s sustainable finance framework.
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Global offshore wind investment faces a period of immense tremendous, but also immense challenges.
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Against the backdrop of continued growth and deepening of the GCC’s equity markets, as well as the tightening of lending criteria by many traditional commercial lenders post-COVID, convertible bonds and sukuk could provide corporates in the GCC region with an alternative source of funding in circumstances where other debt or equity financing options may not otherwise be possible.
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