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Linklaters Insights: UK - At a glance: governance and risk December 2019/January 2020
This latest guide looks at developments at the end of last year and the beginning of 2020. It covers: Brexit and the transition, final-form recommendations for audit and auditor reform, new stewardship obligations for investors, tougher new anti-money laundering rules, FRC guidance for this year's annual reports and Section 172 statements, the extension of the FCA's Senior Manager regime, market abuse, ESG and climate, private equity reporting, transparency of ownership of UK real estate and late payment. ...
Latest coal mine decision concludes scope 3 emissions are the end customer's responsibility
The Rix's Creek Continuation Project has been approved by the NSW Independent Planning Commission only weeks after the refusal of the Bylong Coal Project. In its approval of Rix's Creek, the Commission accepted that scope 3 emissions are the responsibility of the end customer for coal exports. This conclusion significantly departs from the position taken by the differently constituted Commission on Bylong. ...
NSW Government to prohibit scope 3 greenhouse gas emissions conditions
Conditions of development consent regulating scope 3 greenhouse gas (GHG) emissions outside Australia will be prohibited under proposed legislation introduced into the NSW Parliament. The draft legislation forms part of a package of measures announced by the Deputy Premier to provide certainty for mining investment, which includes continuing the previously announced review of the Independent Planning Commission (IPC). ...
Climate change features again in latest coal mine refusal
Last week the NSW Independent Planning Commission (IPC) refused development consent for the Bylong Coal Project (Project). ...
Class actions and emerging issues
The nature of Australia's class action landscape has fundamentally changed since the outset of the regimes. ...
Introduction of the Emissions Reduction Fund Bill
The Federal Government has introduced into Parliament legislation for the establishment of its proposed Emissions Reduction Fund which will provide businesses with opportunities to enter into contracts under which the Government pays them for undertaking carbon abatement Partner Grant Anderson and ...
Emissions Reduction Fund Green Paper released
The Federal Government has released its Green Paper on the design of the Emissions Reduction Fund Partner Grant Anderson reports on this proposed centrepiece of the Governments Direct Action Plan ...
New Draft Wind Energy Planning Framework
The New South Wales Government has released its new Wind Energy Planning Framework with the aim of establishing a more efficient and consistent assessment and approval regime for wind energy projects and also addressing the concerns raised by stakeholders to the 2011 draft Guidelines The buffer zone ...
China's National Carbon Market - what to expect
China will soon have the worlds largest emissions trading scheme emstrongETSstrongem according to announcements made late last year by Chinas state planning agency the National Development and Reform Commission emstrongNDRCstrongem According to the NDRC Chinas national ETS will be operating by 2020 ...
Environment Minister appoints Wind Farm Committee and Commissioner
Federal Environment Minister Greg Hunt has appointed Andrew Dyer as Australias first National Wind Farm Commissioner and has announced the membership of the Independent Scientific Committee on Wind Turbines The Commissioner and the Committee will report separately to the Australian Parliament on ...