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UK Carbon Border Adjustment Mechanism: how will it work?
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Global | Publication | July 2016
Last week the Dutch Minister of Economic Affairs notified a few changes to the Dutch subsidy scheme for new build vessels. The Shipbuilding Loan Guarantee Scheme (Garantieregeling Scheepsnieuwbouwfinanciering), which came into force in March 2013, was the government’s answer to the difficulties experienced by the Dutch shipyards with regard to obtaining bank financing and bank guarantees for new build vessels. It allowed banks to apply for guarantee from the Dutch state up to 80% of the total building costs of the vessel, provided that the vessel was built within 3 years and the contract price did not amount more than Euro 100,000,000.
In consultation with the shipping sector and the Dutch banks, the guarantee scheme has been adjusted as follows:
The rest of the scheme remains unchanged. The Dutch government anticipates more use of the guarantee scheme (than done until now) and the subsidy limit for 2016 is set at Euro 376,662,000.
A complete (Dutch) overview of the scheme is to be found here.
Publication
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Publication
Last November the Financial Conduct Authority (FCA) published Policy Statement 23/16 (PS23/16) containing final rules and guidance on sustainability disclosure requirements (SDR) and investment labels (UK SDR regime).
Publication
International financial markets have started to show significant interest in nature and biodiversity. Whilst climate change and greenhouse gas emissions have made the headlines in recent years, there has been much less focus on their equally important counterparts, nature and biodiversity. However, that has started to change.
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