The Transition Plan Taskforce (TPT) recently concluded a consultation on its Disclosure Framework and Implementation Guidance, which aims to develop a 'gold standard' for the disclosure of transition plans. The Commonwealth Climate and Law Initiative (CCLI) responds to consultations in areas within our legal expertise on an ad hoc basis. We comment on how…

  The 15th Conference of Parties to the Convention on Biological Diversity, known as  COP15, took place in December 2022 in Montreal, Canada. It resulted in a long-anticipated Kunming-Montreal Global Biodiversity Framework (GBF), heralded as a Paris-style agreement for nature. The GBF is groundbreaking in being the first multilateral agreement to set out explicit targets…

Human-induced species extinction and the resulting decline in biodiversity threatens the economic and financial systems on which we rely. Changing investment flows to align with and drive a nature-compatible financial system is a necessity - and we are now starting to see the required tools emerge. International Biodiversity Goals. The end of 2022 saw the…

A year on from its announcement at COP26, and with the eyes of the world on Egypt’s COP27,  the UK Transition Plan Taskforce (TPT) published its Disclosure Framework and related Implementation Guidance yesterday (8 October 2022). The UK Government has stated that it intends to require listed companies, asset managers and regulated asset owners to…

The International Energy Agency (IEA) advises fossil fuel producing nations on energy policy and  produces annual analysis and predictions on energy consumption, production and policy which are regarded as influential by governments and companies. On 27 October, the IEA published its World Energy Outlook 2022 (WEO 2022), its most authoritative source of analysis and projections. …