和(2) 长期而言,根据2020s://ec.europa.eu/clima/policies/eu-Coltics-action/law_enFollowing the adoption of the EU Taxonomy Regulation (explained further below), the Sustainable Finance Disclosure Regulation, and the Benchmark Regulation, which enhances the transparency of benchmark methodologies, the Commission has in this legislative package laid out the next building blocks for its envisioned sustainable finance ecosystem.
In addition to the impact on financial institutions and investors directly subject to the new laws, the Sustainable Finance Package may impact corporates in the following ways:
- Corporates may be more likely to receive requests for data on their environmental and other sustainability practices as upstream capital markets participants grapple with new obligations to distinguish between green, "light green," and other investments;
- Corporates may be subject to direct requirements to report on activities relating to their environmental, social, and governance objectives;
- Longer-term, the package may form the basis of a "blueprint" for wider stakeholders, meaning that corporates may need to improve performance against the standards, not just to attract capital, but also to remain competitive!并
- 在全球层面,这些欧盟可持续性度量有真正潜力成为金标准并影响欧盟以外的投资市场,这是一个被称为`BrutselsEffect'的现象。
We将在一系列文章中更详细地覆盖这些动态。企业应了解的关键问题有:(1) TCDA草案并(2) 拟议的CSRD.
The draft TCDA (in its Annexes, here and here) sets forth sector-specific definitions of environmentally sustainable economic activities, ranging from manufacturing to electricity generation and transport. Notably, although the TCDA sets criteria for when hydrogen manufacture may be considered a sustainable investment (as we discussed in a recent article), it does not cover natural gas or nuclear energy, which are expected to be covered by supplementary technical screening criteria later this year. The Commission will establish a web portal where stakeholders can make suggestions on other areas in mid-2021!可持续金融委员会和平台将评估这些建议。
Timeline 自2023年1月1日起,这些规定也将适用于分类规范中的其他环境目标。
TCDA仍受欧洲议会和理事会审查,它们有3个月时间提出任何反对意见,理论上可以阻塞TCDA的通过TCDA预期从2022瀑布应用 。
建议公司可持续性报告指令 >
旨在填补资产管理员之间的信息空白,这些管理员必须根据可持续金融披露规则评估哪些经济活动环境可持续,以及可能尚未提供这一信息的潜在公司投资目标。 反之,CSRD将适用于所有大研究结果将载入公司管理报告并发布于众,并通过设想的欧洲单一存取点向所有人提供https://ec.europa.eu/info/business-economist-euro/Crap-and-Investment/Captive-markets-uni然而,只有当委员会认为第三国可持续性报告义务与欧盟义务等值时,才提供豁免,该义务符合
Timeline 如果欧洲议会和成员国能够就标准达成协议-这不是定点-成员国将需要在2022年12月1日前执行指令manbext网页版Companies that are within the scope of the Directive would have to comply from financial years starting on or after 1 January 2023, meaning they would need to publish reports from 2024, whilst SMEs would have to comply from January 1, 2026. If you have any questions concerning the material discussed in this blog, please contact the following members of our team: John Ahern +44 20 7067 2190 jahern@cov.com
Sebastian Vos +32 2 549 5267 svos@cov.com
Thomas Reilly +44 20 7067 2000 treilly@cov.com
Sinéad Oryszczuk +44 207 067 2141 soryszczuk@cov.com
Sarah Crowder +44 20 7067 2393 scrowder@cov.com
Paul Mertenskötter +32 2 545 7517 pmertenskoetter@cov.com
[1] This term, coined by Anu Bradford of Columbia Law School, describes how the EU effectively sets global norms.企业通过严格的欧盟规则在欧洲市场合法运营,然后在全球遵守这些规则以尽量减少守法成本正像欧盟规则被视为金标准, 其他国家政府和国际组织复制规则, 并进一步加强这一效果 。
U.S海军的目标是在生物燃料和石油混合新采购中实现10%的采购作为USDA与美国合伙关系的一部分gpo.gov/fsys/pglips-113hr435cs/pdf/BILLS-113hr435cs.pdf海军和USA预期到2016年实现。
the U.S.海军预期在今年晚些时候第二次批量燃料采购中寻找石油和生物燃料混合物。 通过这两项采购,美国海军计划到2015年购买8亿加仑生物燃料海军的努力可增强国内生产下游生物燃料的能力,据美国统计,目前目前每年约2.1亿加仑能源信息管理局.
The final solicitation continues to identify five key areas of interest to DOE, including advanced grid integration and storage, drop-in biofuels, waste-to-energy, enhancement of existing facilities, and efficiency improvements.sites/prod/files/2014/07/f17/Comment%20Listese_REEE%20Solication_final.pdf项目使用识别技术不自动有资格参加程序万博体育app手机登录DOE will conduct a life-cycle assessment to determine the extent to which a proposed project avoids, reduces, or sequesters greenhouse gases. DOE intends to issue guidance on the nature of the life-cycle assessment to ensure transparency in the evaluation process.
Although any project that meets the final solicitation's requirements is eligible participate in the Program, DOE will look favorably on projects that have a catalytic effect on the commercial development of innovative technologies. DOE will also look favorably on projects that make use of other sources of financing.
The final solicitation provides for five rounds of evaluation. In each round of evaluation, DOE will subject an application to a complete review only after making a preliminary determination that a proposed project meets the Program's requirements.第一轮评价初始申请日期为2014年10月1日,全申请日期为2015年1月14日,第五轮评价初始申请日期为2015年12月2日,全申请日期为2016年3月2日,全申请日期为2016年3月2日,申请必须通过网络门户提交,该门户尚未建立
The Department of Energy ("DOE") issued a draft solicitation yesterday for a new Renewable Energy and Energy Efficient Projects Loan Guarantee Program. Once finalized, the Program is expected to make as much as $4 billion in loan guarantees available to innovative clean energy technology projects that are not currently in commercial use. Based on DOE's previous practices, we expect the final solicitation to be issued later this year.
Established in support of the Administration's "all-of-the-above" energy strategy, the Program represents yet another opportunity to obtain financial assistance for innovative clean energy technology projects, in addition to the previously announced Advanced Fossil Energy Project solicitation. In announcing yesterday's draft solicitation, Secretary Ernest Moniz noted that DOE's existing renewable energy loan guarantees "helped launch the U.S.utility-scale solar industry and other clean energy technologies that are now contributing to our clean energy portfolio." Secretary Moniz further explained that DOE wants "to replicate that success by focusing on technologies that are on the edge of commercial-scale deployment today."
In the draft solicitation, DOE identifies five areas of technology that it hopes will benefit from the Program, including advanced grid integration and storage, drop-in biofuels, waste-to-energy, enhancement of existing facilities, and efficiency improvements. Specific examples of eligible projects include technology that:
- improves renewable energy distribution systems;
- provides bio-based substitutes for crude oil, gasoline, diesel fuel, and jet fuel;
- harnesses energy from landfill methane and segregated waste;
- enhances or extend the lifetime of an energy generating asset;
- reduces commercial or residential energy usage!or
- recovers dispatch or waste energy.
DOE will look favorably on projects that have a catalytic effect, replicating or extending new or significantly improved technologies once established in the commercial marketplace.
Upon issuance of the final solicitation, DOE plans to review applications in a two-step process. After making an initial eligibility determination, DOE will subject applicants to a more complete process, including underwriting and further negotiation upon DOE's conditional commitment to provide a guarantee. The draft solicitation indicates that projects must be market ready, and applicants for financial assistance must be prepared to provide an equity contribution. In addition, the draft solicitation indicates that DOE plans to give preference to projects that cannot be fully financed by commercial means.
DOE is accepting comments on the draft solicitation for a thirty-day period. Additional details and a schedule for public meetings being held to discuss the draft solicitation can be found here.