The Pensions Regulator (TPR) recently announced that it will be running a campaign in the spring of 2023 to ensure pension trustees are complying with their duties in relation to environmental, social and governance (ESG) and climate-change factors. Scheme return notices issued to schemes now ask for information about a...

The crisis around available grid capacity, and the lengthening queue for new transmission and distribution grid connections, has been building for some time – and is keenly felt by parties operating in the UK energy market. It is now common for new development projects to be offered connection energisation dates...

Welcome to a new edition of our International Funds Legal Update. In this edition, we take a look at the latest UK, EU and international regulatory developments for the investment funds and asset management industry, including the Financial Conduct Authority's (FCA) decision to delay its sustainability disclosure requirements, measures announced...

Ofgem published its Forward Work Programme 2024-25 on 28 March 2024, outlining its strategic priorities and objectives for the upcoming year. The UK energy regulator has set out four strategic priorities along with 14 more detailed objectives explaining the steps it aims to take and when. The work programme sits...

The Financial Conduct Authority (FCA) has published finalised non-handbook guidance on its anti-greenwashing rule that comes into force on 31 May 2024 and will apply to all regulated firms in the UK. Tackling greenwashing is a priority for the FCA, and it is bringing in the new anti-greenwashing rule to...

The UK's Labour government, having passed its 100-day mark and earlier announcing its legislative programme in the King's Speech, published its Autumn Budget last month. The Budget signalled tax rises of £40 billion and government investment (funded by borrowing) of £100 billion over the life of the Parliament – and...

This practice note – published on Practical Law and co-authored by Caroline Saul of Osborne Clarke and Ed Pateman-Jones of Ikigai Capital – explains the principal technologies used for energy storage solutions, with a particular focus on battery storage, and the role that energy storage plays in the renewable energy...

The question of how the global transition to net zero will be funded is perhaps one of the most important considerations in determining the appetite for and pace of climate change policies and actions. Whether carbon reduction commitments are instigated via public policy or motivated by the private sector, the...

At COP26, negotiations are taking place to finalise the rule book governing the implementation of the Paris climate accord, including structures for a global carbon market and the frequency with which nations set new climate targets. Separately, COP will act as a forum for developing new global climate commitments, with...