Sustainable Future Global

EU Publishes CBAM Declarant Portal! The CBAM Declarant Portal, developed to manage the European Union's Carbon Border Adjustment Mechanism (CBAM), is now available to users. Designed by the Directorate-General for Taxation and Customs Union (DG TAXUD) of the European Commission, the portal aims to simplify CBAM compliance processes for importers and their representatives. The user manual for the portal was published. Prepared comprehensively to guide users through critical processes such as accessing the system, application procedures, and notification management, the manual includes both technical and functional details. Who Can Use It? The CBAM Declarant Portal is developed for economic operators and their representatives importing products subject to carbon emissions regulation into the EU. Access to the system is provided through the EU’s digital identity management platform, UUM&DS. Users can operate within the portal by obtaining the necessary permissions from national competent authorities. Key Features of the Portal 🌎 Notification and Application Management: Users can manage their applications and respond to notifications from national authorities through the system. 🌎 User Roles and Security: The portal offers varying levels of access and operational permissions based on user roles. 🌎 Language Support: Available in all EU languages, the system enables users to work in their preferred language. 🌎 Steps Towards Reducing Carbon Footprints: The CBAM portal aims to make the process of measuring and reporting carbon footprints more transparent and efficient for importers. According to the European Commission, this step will serve as a critical tool in achieving the EU’s carbon-neutral targets. This innovative initiative by the European Union to promote environmentally conscious trade policies not only supports sustainability goals but also streamlines the processes for economic operators. For more information, users can visit the portal’s official website. https://lnkd.in/esp5UM2b

📌 The European Commission has approved the Carbon Market Report, which depicts the performance of the European Union Emissions Trading System in 2023 and the first half of 2024. The European Union Emission Trading System (EU ETS) was revised in 2023 as part of the Fit for 55 legislative package and is now fully implemented. The published report summarizes the legislative works completed to date to implement the ETS revision. The European Union Emission Trading System observed a 16.5% reduction in emissions from stationary plants driven by the  power sector. It is stated that the use of renewable energy, especially wind and solar energy, has increased significantly in electricity production. With this development, a 2005 reduction in ETS emissions compared to 60% reduction in the 2030 target was observed, with a 47.6% reduction. At the same time, in 2023, the increase in activity in the sector was shown by causing intra-European aviation emissions to increase by over 10% compared to 2022 levels. The 2024 emissions limit has been reduced by 90 million allowances, with the system now extending to the EU’s fair share of emissions from maritime transport. The aim is to strengthen the application of the emissions trading system in aviation. In 2024, 25% fewer free permits were allocated to aircraft operators. It was reported that new rules will be implemented to monitor and report the non-CO2 impacts of aviation from 2025. Monitoring and reporting rules have also been established for the new separate Emissions Trading System ETS2, which will help to advance emissions reductions from buildings, road transport and other sectors. #sustainability #ETS #sustainablefuture

The Commission has today published a set of frequently asked questions (FAQs) to support stakeholders in the implementation of the EU corporate sustainability reporting rules. The publication is part of the Commission's continuous effort to make the EU sustainable finance framework more usable for companies and reduce the administrative burden on them. The FAQs take into account input received from companies and cover issues such as the scope of the rules, application dates, and exemptions. Details ⬇ https://lnkd.in/gcjEVGw6

August 1st Earth Overshoot Day The date on which human demand for natural resources exceeds the Earth's capacity to regenerate them for a given year, Earth Overshoot Day is determined for 1 August 2024. This year's Earth Overshoot Day, which coincides with August 1st, demonstrates that humanity is currently using natural sources 1.7 times faster than our planet's ecosystems can regenerate. The consequences of excessive consumption of ecological resources are deforestation, soil erosion, loss of biodiversity, and carbon dioxide accumulation in the atmosphere. This has been noted to lead more often to extreme weather events and decreased food production. Earth Overshoot Day is calculated by the Global Footprint Network, the international sustainability organization that pioneered the ecological footprint. #EarthOvershootDay #sustainability #sustainablefuture For more information: https://lnkd.in/d-7xEg-t

📌 5 June- World Environment Day! Led by the United Nations Environment Programme (UNEP) and held annually on 5 June since 1973, World Environment Day is celebrated by millions of people across the World in order to raise awareness and take action worldwide on the protection of the environment. The theme of this year's World Environment Day is "Land restoration, desertification and drought resilience". Guidance designed to help everyone get involved in ecosystem restoration has been published on the World Environment Day global platform. It is organized into various sections, such as food systems, freshwater ecosystems, human habitats such as cities, and people, including businesses, governments, and citizens. Ways to join forces to lend a helping hand to nature by taking action today, raising our voices for restoration are explained. It has been stated that peace can be made with the soil by growing forests, greening cities, collecting rainwater and consuming earth-friendly foods. The practical guide: https://lnkd.in/duCHperf #GenerationRestoration #WorldEnvironmentDay #Sustainability #SustainableFuture

𝗧𝗵𝗲 𝗘𝗨 𝗵𝗮𝘀 𝗮𝗽𝗽𝗿𝗼𝘃𝗲𝗱 𝘀𝘁𝗿𝗶𝗰𝘁𝗲𝗿 𝗖𝗢𝟮 𝗲𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝘀𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀 𝗳𝗼𝗿 𝗵𝗲𝗮𝘃𝘆 𝗴𝗼𝗼𝗱𝘀 𝘃𝗲𝗵𝗶𝗰𝗹𝗲𝘀 The European Council has approved stricter standards to reduce CO2 emissions from heavy goods vehicles. The new rules include targets for a 45% emissions reduction by 2030, a 65% reduction by 2035, and a 90% reduction by 2040. In addition, all new city buses must be zero-emission by 2035. These changes are part of the EU's efforts to meet its climate goals and reduce emissions from road transport. The stricter standards will increase the share of zero-emission vehicles in the heavy goods vehicle fleet and encourage innovation in the sector. The amended regulations help the EU reach its goals of becoming climate neutral by 2050 and reducing net greenhouse gas emissions by at least 55% by 2030 when compared to 1990 levels. Details: 🔸 A wider range of vehicle types will be subject to emissions reduction targets. 🔸 Targets are increasing significantly after 2025. 🔸 There is a zero-emission target for city buses. 🔸 The standards will be reviewed in 2027. More information ⬇ https://lnkd.in/eyUjJtwf

Since 1993, the United Nations has observed World Water Day on March 22nd, with a focus on the significance of freshwater. It aims to raise awareness about the 2.2 billion people who do not have access to clean water and to take action to combat the global water crisis. The 2030 Agenda for Sustainable Development is largely dependent on a well-managed water cycle for success, especially when it comes to issues of hunger, gender equity, health, education, livelihoods, sustainability, and ecosystems. Being the vital connection between the environment, human society, and the climate system, water is also essential for adapting to climate change. Supporting the accomplishment of Sustainable Development Goal 6—water and sanitation for all by 2030—is a major objective of World Water Day. The theme of World Water Day 2024 is ‘Water for Peace’. 💧 In order to protect water resources, attention should be paid to saving water consumption. In this regard, calculating the water footprint and targeting actions to reduce the determined use will contribute. #WorldWaterDay #WaterforPeace #SustainableDevelopmentGoals #SustainableFuture

The State of the Global Climate 2023 report is released from the World Meteorological Organization (WMO). 2023 was the warmest year on record is confirmed by The WMO report. Key takeaways from the report: 🌡 In 2023, the average global near-surface temperature was 1.45 ± 0.12 °C higher than the average from 1850 to 1900. Throughout the 174-year observational record, 2023 was the warmest year. 📈 Carbon dioxide, methane, and nitrous oxide concentrations that three main greenhouse gases have all hit record highs. 🌊 The average sea level worldwide hit a record high. Since the first ten years of the satellite record (1993–2002), the rate of sea level rise has more than doubled in the last ten years (2014–2023). 🌊 In February, the extent of Antarctic sea ice hit a record low. About 1 million km2 less was the annual maximum extent than the previous record low maximum. ❄ Preliminary data from the global set of reference glaciers for the hydrological year 2022-2023 show –1.2 m mass change, it was experienced the largest loss of ice on record (1950–2023) with in both western North America and Europe. ❄ In the last two years, glaciers in Switzerland have lost almost 10% of their existing volume. 🚨Many regions of the world were impacted by extreme heat.  Wildfires in Hawaii, Canada and Europe caused loss of life. Extreme rainfall from Mediterranean Cyclone Daniel caused floods that affected Greece, Bulgaria, Türkiye, and Libya.   The State of the Global Climate 2023 report ⬇ Additionally Significant Weather & Climate Events 2023 is published: https://lnkd.in/dJXP6zKS #SustainableFuture #ClimateChange #Climate

𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐑𝐢𝐬𝐤 𝐀𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭 𝐀𝐠𝐞𝐧𝐜𝐲.    36 climate hazards with potentially serious effects are identified throughout Europe in the European climate risk assessment report. The evaluation of the risks takes into account risk ownership, policy readiness, policy horizon, and risk severity. Priorities for EU policy action are established, based on a structured risk assessment united with qualitative aspects, such as considering social justice. Key takeaways from the report: 📌 The earth is being impacted by human-caused climate change; 2023 was the warmest year on record globally, and during the 12-month period between February 2023 and January 2024, the average global temperature rose by 1.5°C above pre-industrial levels 📌 The world's fastest-warming continent is Europe. Once comparatively rare, extreme heat is becoming increasingly common as precipitation patterns shift. The intensity of downpours and other precipitation extremes is rising, and several places have seen devastating floods in recent years. 📌 Several climate threats have already reached critical levels when the severity scales used in the European climate risk assessment are applied. By the end of this century, the majority of the recognized climate hazards might reach critical or catastrophic levels if strong action is not taken now. Heatwaves would kill hundreds of thousands of people, and coastal flooding alone could cause annual economic damages of more than EUR 1 trillion. For more details: https://lnkd.in/d-nzkgrv #ClimateRisk #ClimateChange #SustainableFuture

The Enhancement of Climate-Related Disclosures of U.S. SEC United States Securities and Exchange Commission (SEC) adopted rules to enhance and standardize climate-related disclosures by companies. Disclosure includes material climate-related risks; activities to mitigate or adapt to such risks; information about the registrant's board of directors' oversight of climate-related risks and management’s role in managing material climate-related risks. The companies should provide information about any climate-related targets or goals that are material to its business, results of operations, or financial condition. The final rules require disclosure of Scope 1 and/or Scope 2 greenhouse gas (GHG) emissions on a phased-in basis by certain larger companies when those emissions are material. Moreover, disclosure of the financial statement effects of severe weather events and other natural conditions including, for example, costs and losses required. A phased-in compliance period has defined for all registrants, with the compliance date dependent on the company’s filer status and the content of the disclosure. Reference: https://lnkd.in/d_WBeDPq #ESG #ClimateRelatedDisclosures #SustainableFuture