EU Adopts New Rules to Track Environmental Impact of Economy
The amended regulation will expand the scope of the EU’s common statistical system, instituting forest, ecosystem and environmental subsidy accounts.
New EU Rules Crack Down on Greenwashing in Fund Names
ESMA found a fourfold increase in the use of ESG terms in European fund names over the past decade. However, this has led to some asset managers misleadingly labelling funds as “sustainable” to attract investors, which amounts to greenwashing.
Europe Launches Probe into Chinese Wind Turbine Subsidies
Margrethe Vestager, the EU’s anti-trust chief, announced the probe, citing worries that Chinese state subsidies grant unfair advantages to their wind turbine producers.
Borosil Renewables Stock Price Rises on Anti-dumping Probe Announcement
Surged by 11% following India’s initiation of an anti-dumping investigation, the stock price climbed to ₹598.65 per share during today’s intraday trade.
UK to Implement Carbon Import Levy on Certain Goods by 2027
The carbon border adjustment mechanism (CBAM) will be applied to carbon-intensive products and it will be determined based on the carbon emissions in the production of imported goods and the gap between the carbon prices in the country of origin and the UK
EU announced new carbon emission rules for Importers
The EU has introduced new rules for importers of products as part of their Carbon Border Adjustment Mechanism (CBAM), a carbon tax on imported goods