Net Zero Target Plan meaning

In this issue: Air emissions and climate change Energy efficiency and buildings Energy for environmental lawyers Environmental assessment Environmental disputes and proceedings Environmental enforcement and prosecutions Environmental information ESG and sustainability Hazardous substances and chemicals Marine Nature, biodiversity and habitat conservation Waste Waste producer responsibility regimes Water, flooding and drainage Daily and weekly news alerts New and updated content Trackers Useful information Air emissions and climate change Carbon Budget Plan judicial review succeeds (R (Friends of the Earth and others) v Secretary of State for Energy Security & Net Zero) This claim concerns the government’s obligations under the Climate Change Act 2008 (CCA 2008). Central to it is the Secretary of State’s duty to formulate and lay before Parliament proposals and policies which, in his judgement, ‘will enable the carbon budgets’ to be met (CCA 2008, s 13(1)). The judicial review challenged the Carbon Budget Delivery...

In this issue: Air emissions and climate change Energy efficiency and buildings Energy efficiency of products Energy for environmental lawyers Environmental enforcement and prosecutions Environmental information Environmental taxes ESG and sustainability Hazardous substances and chemicals Marine Nature, biodiversity and habitat conservation Waste producer responsibility regimes Water, flooding and drainage Daily and weekly news alerts New and updated content Air emissions and climate change DESNZ publishes 2024 UK ETS performance report The Department for Energy Security and Net Zero (DESNZ) has released the 2024 performance report for the UK Emissions Trading Scheme (UK ETS), now in its fourth year of operation. The publication offers a high-level snapshot of UK ETS infrastructure, participant data for installations and aviation, and information on market oversight and compliance. It also outlines how the carbon market operated, including the supply and free allocation of UK Allowances (UKAs), auction outcomes, and implementation of the Cost...

In this issue: COP30 Key updates and materials Air emissions and climate change Contamination and pollution Energy efficiency and buildings Energy for environmental lawyers Environmental assessment Environmental enforcement and prosecutions Environmental information Environmental permits and consents ESG and sustainability Hazardous substances and chemicals Marine Waste Water, flooding and drainage Daily and weekly news alerts New and updated content COP30 COP30 round-up—12 November 2025 (Health, Jobs, Education, Culture, Justice and human rights, Information integrity, Workers and Global Ethical Stocktake) On 12 November 2025, day three of the 30th Conference of the Parties (COP30) to the UNFCCC, a suite of major announcements landed. The Global Initiative for Information Integrity on Climate Change introduced the Declaration on Information Integrity on Climate Change. The Independent High-Level Expert Group on Climate Finance (IHLEG) issued its fourth report, charting a route to mobilise US$1.3trn a year in climate finance by 2035. The...

ARCHIVED This Practice Note is archived and not maintained. Introduction This Practice Note outlines proposals to introduce compulsory obligations for particular UK companies to disclose a net zero transition plan. Although reporting such plans is not yet mandatory, many businesses already publicise their net zero pledges voluntarily under the ‘comply or explain’ requirements for listed issuers. On 9 October, 2023, the Transition Plan Taskforce (TPT) released a best-practice, standardised disclosure framework for climate transition plans. Alongside this, the TPT’s Co-Chairs, Amanda Blanc, CEO of Aviva, and Baroness Penn, Treasury Lords Minister HM Treasury, encouraged companies to use the TPT’s resources to begin their transition to Net Zero. There has long been an expectation that compulsory rules would follow the TPT’s creation of this gold‑standard Disclosure Framework. This Practice Note concentrates on the TPT’s standardised Disclosure Framework for climate transition plans and the related guidance. Topics include net zero transition plans, the TPT’s standardised disclosure framework for climate transition plans, and guidance designed to support both...

Banking & Finance glossary A Auditing and Accounting Organisation for Islamic Financial Institutions (AAOIFI) The foremost Islamic, international, autonomous, independent, not-for-profit corporate body that develops and issues accounting, auditing, governance, ethics and Shari’ah benchmarks and standards for Islamic Financial Institutions (IFIs) and the wider Islamic finance sector. Founded in Bahrain in 1991, it is backed by a number of institutional members across more than 45 countries, including central banks and regulatory authorities, financial institutions, accounting and auditing practices, and legal firms. Its pronouncements are currently applied by leading Islamic financial institutions across the world and have advanced a progressive and gradual harmonisation of global Islamic finance practice. It also delivers professional qualification programmes—notably Certified Islamic Professional Accountant (CIPA), Certified Shari’ah Adviser and Auditor (CSAA), and the corporate compliance programme—in efforts to strengthen the industry’s human capital and governance frameworks. For further details, see Practice Note: Key participants in the Islamic finance industry—Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). Acceleration Acceleration is the formal action...