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Overview Recently, the European Council reached an agreement on their proposal for a Regulation to amend the EU’s EMD. This agreement follows from the European Commission’s suggestion to begin negotiations for electricity market design (‘EMD’) reforms earlier in March 2023. This reform aims to deal with the shortcomings of the current EMD by stabilising energy … Read more
On 17 August 2023, the EU Batteries Regulation (the “Regulation“) entered into force, two and a half years after the Commission first published its proposal in December 2020. The Regulation will replace the current Batteries Directive, which was implemented in 2006, a time when batteries played a drastically different role within our daily lives. The … Read more
On 16 March 2023, the European Commission unveiled its new Critical Raw Materials Act (the “Act“), now due to undergo review by the EU Council and Parliament, once public comment closes on June 30. While the EU has correctly identified that it must foster greater cooperation between Member States to grow the resilience of its … Read more
With a rapidly-emerging energy market set to fuel a rise in disputes, we explore how arbitration could offer the solution A global transformation of the energy sector is underway. Markets appear to now accept that deployment of hydrogen at scale could be the next major energy source from around 2030. For that daunting goal to … Read more
In this podcast, Emma Iles and Rebekah Gay from our Melbourne and Sydney offices are joined by Andrew Wells from our London office to discuss the role of intellectual property rights in a rapid and fair renewable energy transition. Global players are competing to set increasingly ambitious net-zero emissions targets. Do patents help or hinder … Read more
Law Decree 17 May 2022, No. 50 so-called Decreto aiuti (Decree) introduces a set of provisions in the fields of national energy policies, attraction of investments, and permitting procedures. In particular, a number of provisions are aimed at facing the challenges stemming from the Ukraine war both with temporary derogations to the permitting regime (art. 12) and … Read more
At the end of March, the UK Government published its long-awaited consultation on the further development of the UK ETS (the “Consultation“), indicating the future capacity and scope of the UK scheme. The UK ETS was launched on 1 January 2021 to replace Great Britain’s participation in the EU ETS after the end of the … Read more
The Taskforce on Nature-Related Financial Disclosures (TNFD) has published the first draft of its Nature-related Risk & Opportunity Management and Disclosure Framework (TNFD Framework); which, together with subsequent drafts, will be open to feedback from market participants for the next 18 months. The TNFD is aiming to publish a usable framework and set of recommendations … Read more
Last year, on 14 July 2021, as part of the ‘Fit for 55’ package, the European Commission published its proposed regulation establishing a carbon border adjustment mechanism (CBAM) that would put a carbon price on imports of a targeted selection of products (see here for more). The mechanism is designed to avoid ‘carbon leakage’, in … Read more
