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Blue Bonds: Making a splash in the Capital Markets
In 2018, the Republic of Seychelles launched the first-ever “blue bond”, with the support of the World Bank Group and the Global Environment Facility.
Australia | Publication | March 2024
Penalties for many environmental crimes will double under the Environment Protection Legislation Amendment (Stronger Regulation and Penalties) Bill 2024, introduced on 14 March 2024.
Recent criminal investigations into asbestos-contaminated mulch, and a general need to strengthen penalties and deterrence, prompted these changes.
The Bill includes the following increased penalties:
The Bill also grants the following powers to the EPA and the Land and Environment Court:
These amendments clearly signal an increased focus on environmental crime, and in particular, greater scrutiny on waste-related activities.
Whilst the EPA has always had the power to cast a wide net when investigating and prosecuting waste offences, the Bill specifically empowers the EPA to investigate the entire material/waste supply chain, and to order product recalls of potentially contaminated material on an urgent basis.
These sweeping powers make it even more important for businesses who may be on the receiving end of recycled or reprocessed materials to ensure the integrity of all generators and operators along the supply chain.
Publication
In 2018, the Republic of Seychelles launched the first-ever “blue bond”, with the support of the World Bank Group and the Global Environment Facility.
Publication
Antitrust authorities are increasingly aggressive in pursuing new theories of harm, pushing the boundaries of what amounts to an antitrust violation, and expanding the use of current legislation and regulation to fit a new era of issues.
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