China’s Ministry of Finance, together with several other ministries, regulators and the central bank, has unveiled a new national climate reporting standard for corporate sustainability disclosure.

New York State has allocated more than $23 million to 15 projects focused on reducing emissions from buildings and industrial operations, advancing climate action and regional economic development across the state.

The European Union is set to introduce tighter controls on imported plastics under a new policy initiative slated for early 2026, responding to mounting pressures on the domestic recycling sector and broader circular economy objectives.

The European Commission has unveiled a new set of pilot actions to establish common EU-wide rules for plastics recycling, aiming to revitalize the Union’s struggling recycling sector. The initiative forms part of a broader policy rollout expected in the coming months, addressing market fragmentation, high energy costs, and competitive pressure from non-EU producers.

The European Commission has announced a significant update to the European Union’s emissions regulation framework, expanding financial support mechanisms to help more energy-intensive industries comply with rising emissions-related costs.

Japan has announced a substantial new subsidy scheme aimed at accelerating corporate adoption of clean energy and boosting regional demand for decarbonised power. Under the plan, the government will allocate 210 billion yen (approximately $1.34 billion) over five years starting in fiscal 2026 to support companies that rely exclusively on clean electricity and contribute to local power generation areas.

The European Union Council has formally adopted amendments to the EU Deforestation Regulation (EUDR), completing the final legislative step to delay the implementation of the bloc’s landmark supply chain deforestation law and introduce targeted simplifications.

The European Commission has unveiled proposed changes to the European Union’s Carbon Border Adjustment Mechanism (CBAM), aiming to broaden the carbon import tax to cover a wider range of downstream products and prevent production from shifting to countries with less stringent climate policies.

Germany has unveiled a new investment initiative aimed at mobilizing private capital to advance its energy, industrial, and technology transitions. The Deutschlandfonds commits €30 billion (approximately $35.2 billion) in public guarantees, loans, and equity to de-risk private investment in strategic sectors and attract significantly larger private commitments.