1.China Sets First-Ever Absolute Emissions Cut Target: 7%-10% by 2035
At the UN Climate Summit, President Xi Jinping announced China’s first absolute emissions reduction goal: cutting GHG emissions 7%-10% below peak levels by 2035. China also pledged to boost wind and solar capacity to 3,600 GW (six times 2020 levels), raise non-fossil fuel share to over 30%, expand its carbon market, and make EVs mainstream by 2035.
Climate groups criticized the target as unambitious, noting it could be met under current policies and falls far short of Australia’s 62%-70% or Switzerland’s 65% targets. With nearly 30% of global emissions, China remains the top emitter.
Highlights:
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Absolute reduction: 7%-10% below peak by 2035.
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Clean energy: Wind & solar 3,600 GW; non-fossil fuels >30% of mix.
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Other 2035 goals: Forest stock >24B m³, mainstream EV sales, expanded carbon trading.
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Global reaction: Criticism for lack of ambition compared to peers.
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Xi’s message: China will deliver on Paris pledges but calls for supportive international environment.
Quote:
“Green and low-carbon transition is the trend of the time… the international community should stay focused, confident, and relentless in action.” — Xi Jinping
要不要我幫你把這篇轉成 Facebook 或 LinkedIn 貼文草稿，讓 TYC 的觀點也能嵌進去？
You said:
/e,/c"Swedish green iron and steel maker Stegra announced two agreements with Microsoft aimed at advancing the use of near-zero emission steel in the technology company’s datacenter operations. Founded in 2020, Stegra utilizes hydrogen produced using green power to remove the oxygen from iron oxide, avoiding most of the CO2 emissions normally produced, and uses electricity from 100% renewable sources for the energy requirements generated in the manufacturing process. The first agreement made with Microsoft covers the supply of low-carbon steel from Stegra’s Boden facility, while the second introduces a system of environmental attribute certificates (EACs) tied to the production of that steel. Henrik Henriksson, CEO of Stegra, said: “Sustainable change calls for unconventional partnerships. We are now teaming up with a market leader in Microsoft, to demonstrate how we can work together to accelerate change in the steel industry.” The physical supply deal will see Stegra deliver steel produced with up to 95% fewer emissions than conventional methods. While Microsoft does not directly purchase raw materials, it will work with suppliers who will receive coils from Stegra and process them into components for Microsoft’s datacenter equipment. The EAC agreement separates the environmental value of green steel from the physical product. The steel itself can be sold as conventional, while the associated emissions reductions are sold through certificates. As such, buyers of the physical steel must agree not to make sustainability claims, preventing double counting. Microsoft can then apply the EACs toward its carbon reduction goals. Melanie Nakagawa, Chief Sustainability Officer at Microsoft, said: “The end game is to source physical materials with the lowest possible CO₂ footprint. Achieving this requires greater volumes of low-carbon steel available in more regions. But when physical delivery isn’t yet feasible, signing agreements for environmental attribute certificates demonstrates that emissions reductions are possible in the value chain through credible market mechanisms. Moreover, through tools like this, we aim to signal demand, enable project financing, and accelerate global production.” The agreements build on Microsoft’s 2023 investment in Stegra through its Climate Innovation Fund. "
ChatGPT said:
好的，以下是依照你的要求完成的 /C（繁體中文詳盡摘要） 與 /E（英文摘要）：
/C
微軟攜手瑞典 Stegra 推進近零碳排綠色鋼材，導入數據中心供應鏈
瑞典綠色鋼鐵新創 Stegra 宣布與微軟簽署兩項合作協議，推動低碳鋼材在數據中心營運中的應用。Stegra 成立於 2020 年，利用綠電製氫還原鐵礦石，並全程使用 100% 可再生能源供能，使碳排放量較傳統煉鋼減少高達 95%。
第一份協議是從 Stegra 位於 Boden 的工廠供應低碳鋼材，經由供應商加工後用於微軟數據中心設備；第二份協議則建立「環境屬性憑證（EACs）」制度，將減排價值與實體鋼材分離，避免雙重計算。購買鋼材的客戶不得主張可持續性聲明，碳減量價值則歸屬於微軟，並計入其減碳目標。
Stegra CEO Henrik Henriksson 表示，這是「非傳統夥伴關係推動可持續轉型」的案例；微軟首席永續長 Melanie Nakagawa 則強調，雖然最終目標是直接採購低碳鋼，但在短期內透過憑證協議可傳達市場需求、支持融資並加速全球產能。
重點摘要：
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低碳鋼材供應：Stegra 鋼材碳排放比傳統工藝少 95%。
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數據中心應用：鋼材由供應商加工成微軟設備零件。
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環境屬性憑證（EACs）：將減排價值與鋼材實體分離，避免雙重計算。
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策略意義：短期利用憑證達成減排，長期推動低碳鋼主流化。
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延續投資：建立在微軟 2023 年透過氣候創新基金投資 Stegra 的基礎上。
引述：
「當實體供應尚不可行時，EAC 協議展示了如何透過可信市場機制實現減排，並同時發出需求信號，加速全球低碳鋼生產。」——微軟首席永續長 Melanie Nakagawa
/E
Microsoft Partners with Stegra to Bring Near-Zero Emission Steel into Datacenter Supply Chain
Swedish green steelmaker Stegra announced two agreements with Microsoft: one for the physical supply of low-carbon steel and another for environmental attribute certificates (EACs). Founded in 2020, Stegra uses green hydrogen and 100% renewable electricity to produce steel with up to 95% fewer emissions compared to conventional methods.
Under the first deal, Stegra will supply steel from its Boden plant, processed by suppliers into components for Microsoft datacenters. The second agreement decouples the environmental value of green steel from the physical product: emissions reductions are sold through certificates, while the steel can be marketed conventionally. Buyers of the physical steel cannot make sustainability claims, ensuring no double counting, while Microsoft applies the EACs toward its carbon goals.
Stegra’s CEO highlighted the unconventional partnership as a driver of sustainable change, while Microsoft’s CSO stressed that EACs serve as a bridge to signal demand, finance projects, and accelerate global low-carbon steel production until broader physical supply is feasible.
Highlights:
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Steel with 95% fewer emissions using hydrogen and renewables.
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Datacenter application: processed into Microsoft equipment components.
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EAC system: separates emissions reductions from steel itself, ensuring credibility.
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Strategic role: bridges short-term gaps, drives long-term low-carbon steel adoption.
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Foundation: builds on Microsoft’s 2023 Climate Innovation Fund investment in Stegra.
Quote:
“When physical delivery isn’t yet feasible, signing EAC agreements demonstrates reductions are possible through credible mechanisms while signaling demand to scale global production.” — Melanie Nakagawa, CSO, Microsoft
要不要我也幫你把這篇轉成 LinkedIn 文章草稿（帶重點 emoji + hashtag），方便 TYC 引入自身「循環建材」的比較價值？
You said:
/e,/c "The European Commission is looking to further delay the implementation of the EU Deforestation Regulation (EUDR) – its new law aimed at ensuring that products imported to or exported from EU markets no longer contribute to deforestation and forest degradation globally – for a year, due to concerns that IT systems currently in place will not be sufficient to handle the data load created by the new regulation. The proposal marks another setback for the implementation of the EUDR, following another 1 year delay agreed to by European Council and Parliament lawmakers last year, which would have seen the law come into effect for large companies at the end of this year, and for micro- and small enterprises in June 2026. The EUDR was initially introduced by the EU Commission in November 2021, with proposals aimed at effectively banning deforestation-linked products on the EU market, and establishing strong compliance requirements for companies providing or utilizing key commodities and products such as palm oil, beef, timber, coffee, cocoa, rubber and soy, in addition to some of their derived products, such as leather, chocolate, tires, or furniture. Under the new rules, companies that want to place relevant products on the EU market, or export them, will face mandatory due diligence rules, including a requirement to trace the products back to the plot of land where it was produced, to prove that the products were produced on land that was not subject to deforestation after 2020, and are compliant with all relevant applicable laws in force in the country of production. Last year’s delay was made at the request of the Commission, which had noted that “several global partners have repeatedly expressed concerns about their state of preparedness,” and added that even within the EU, “the state of preparations amongst stakeholders in Europe is also uneven.” The regulation hit another potential roadblock earlier this year, with Parliament MEPs voting to reject the EUDR’s benchmarking system categorizing countries by their level of deforestation risk, with some lawmakers calling for the introduction of a “no risk” category to exempt some countries from the law’s requirements. The new proposed delay was unveiled in a letter from EU Commissioner Jessika Roswall to MEP Antonio Decaro, Chair of Parliament’s ENVI Committee. In the letter, Roswall noted that the EUDR will require an IT system that would be required “to handle all the transactions for products covered by the EUDR and initiated by economic operators in the scope of the EUDR, both upstream and downstream, inside and outside the EU,” and that as the Commission has been working to deploy its IT system, its new projections have “led to a substantial upward reassessment of the projected load on the IT system.” Roswall outlined concerns with implementing the EUDR with the systems currently in place, noting that it “will very likely lead to the system slowing down to unacceptable levels or even to repeated and long-lasting disruptions,” which, in addition to not meeting the EUDR’s objectives, would also “potentially affect trade flows in the areas covered by the legislation.” While acknowledging that the EUDR “is a key initiative to combat global deforestation and ensure sustainable value chains,” Roswall said that the Commission is now considering delaying the regulation “for one year, in order to avoid uncertainty for authorities and operational difficulties for stakeholders in the EU and third countries, and to allow time to remedy the identified risks.” "
ChatGPT said:
好的，以下是你要的 /C（繁體中文詳盡摘要） 與 /E（英文摘要）：
/C
歐盟森林砍伐法（EUDR）恐再延後一年，因 IT 系統承載風險
歐盟執委會擬將《歐盟森林砍伐法》（EUDR）實施時程再度延後一年，理由是現行 IT 系統無法承受龐大數據交易量。該法原先要求大型企業於 2024 年底遵循，微型與中小企業則於 2026 年 6 月起適用，但去年已延後一次。
EUDR 於 2021 年提出，目標是禁止棕櫚油、牛肉、木材、咖啡、可可、橡膠與大豆等主要商品，以及皮革、巧克力、輪胎、家具等衍生品進入歐盟市場，若其生產涉及 2020 年後的森林砍伐。企業必須建立盡職調查系統，追溯產品至生產地塊，並確保符合原產國法律。
執委會委員 Roswall 在信中指出，若貿然上線，IT 系統恐嚴重延遲或癱瘓，甚至影響歐盟與第三國的貿易流動。她強調 EUDR 對全球森林保護至關重要，但必須確保執行環境成熟，因此建議再延後一年，以避免執行困難與市場不確定性。
重點摘要：
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再度延後：EUDR 可能延後一年上路，繼去年延期後再遇阻礙。
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涵蓋範圍：棕櫚油、牛肉、木材、咖啡、可可、橡膠、大豆及衍生品。
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企業義務：追溯產品至生產地塊，證明無涉 2020 年後砍伐。
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問題核心：IT 系統無法處理龐大交易，恐導致長期中斷與貿易受阻。
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官方立場：承認法規重要性，但需更多準備時間確保落實。
引述：
「若系統無法支撐，將很可能導致不可接受的延遲或長期中斷，進而影響立法目標與國際貿易。」——歐盟委員 Jessika Roswall
/E
EU May Delay Deforestation Law Again Over IT System Concerns
The European Commission is considering another one-year delay of the EU Deforestation Regulation (EUDR), citing risks that current IT systems cannot handle the massive data load required. The law, initially set for large companies at the end of 2024 and SMEs by mid-2026, was already delayed once last year.
Introduced in 2021, the EUDR aims to ban products linked to post-2020 deforestation from EU markets, covering commodities such as palm oil, beef, timber, coffee, cocoa, rubber, and soy, as well as derived goods like leather, chocolate, tires, and furniture. Companies must conduct due diligence, tracing products to the plot of land where they were produced and proving compliance with local laws.
Commissioner Jessika Roswall warned in a letter that launching with current systems could cause severe slowdowns or disruptions, undermining the law’s objectives and trade flows. While reaffirming the regulation’s importance to fight global deforestation, she recommended a one-year delay to avoid uncertainty and give stakeholders more time to prepare.
Highlights:
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Second delay: Another one-year pushback considered after last year’s postponement.
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Scope: Commodities and products including palm oil, beef, timber, coffee, cocoa, rubber, soy, and derivatives.
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Due diligence: Mandatory traceability to prove no deforestation since 2020.
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Main issue: IT system capacity risks, potential trade disruptions.
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Commission stance: EUDR is crucial, but requires a stable system to succeed.
Quote:
“Implementing with current systems would very likely lead to unacceptable slowdowns or repeated disruptions, potentially affecting trade flows.” — EU Commissioner Jessika Roswall
要不要我幫你把這篇轉成 Facebook/LinkedIn 貼文版本，加上重點 emoji 和 TYC 的觀點（例如「追溯性與 IT 系統建設」對循環經濟的重要性）？
You said:
/e ,/c "The California Air Resources Board (CARB) released a list of more than 4,000 companies that will be required to comply with the state’s new climate reporting laws, mandating disclosures on climate-related risks and opportunities, and for some companies on value chain greenhouse gas emissions as well. The new laws will introduce climate-related reporting requirements for most large companies in the U.S., even as other climate disclosure regulations, such as the SEC’s climate reporting rule, appear increasingly less likely to be implemented. In total, the CARB list includes 4,160 U.S. companies, including the majority of S&P 500 constituents. The regulations, SB 253 and SB 261, were approved by Governor Newsom in 2023, and signed into law in October 2024. SB 253 requires companies with revenues greater than $1 billion that do business in California to report annually on their direct Scope 1 and 2 emissions, and Scope 3 value chain emissions, including those associated with supply chains, business travel, employee commuting, procurement, waste, and water usage. SB 261 applies to U.S. companies that do business in California and with revenues greater than $500 million to prepare a report disclosing their climate-related financial risk, as well as measures to reduce and adapt to that risk. Disclosures of Scope 1 and 2 emissions under the new law is scheduled to begin in 2026, covering the previous fiscal year, while Scope 3 emissions reporting will begin in 2027, while the first climate-related risk reports are to be published by January 1, 2026. Of the companies included in CARB’s new list, around 60% (2,503) are based outside of California. Most companies listed (2,596) will be required to comply with both SB 253 and SB 256, while 1,564 will be subject only to SB 261. CARB noted that the list is preliminary, and may not include all companies covered by the new climate-related reporting laws, as it is based on data from March 2022, noting that it is a company’s responsibility to report under the regulations even if not included on the list. The list also may include comes companies that will not be required to report under the regulations, based on recently released exemptions, such as subsidiary companies if their parent company issues a report on their behalf."
ChatGPT said:
好的，以下是依照你要求完成的 /C（繁體中文詳盡摘要） 與 /E（英文摘要）：
/C
加州空氣資源委員會公布 4,000 多家需遵循新氣候揭露法的企業名單
加州空氣資源委員會（CARB）公布一份涵蓋 4,160 家美國企業 的名單，要求這些企業遵循新通過的氣候揭露法案 SB 253 與 SB 261，強制揭露氣候相關風險與機會，其中部分企業還需申報價值鏈溫室氣體排放。此舉將使美國大多數大型企業（包括標普 500 成分股）納入披露範圍，成為全美最嚴格的氣候資訊揭露制度之一。
兩項法案於 2023 年經州長 Newsom 批准，並於 2024 年 10 月正式生效：
實施時程：
在名單中：
CARB 強調，這份名單屬於初步版本，可能遺漏部分需揭露的企業，因其以 2022 年 3 月的數據為基礎；即使未被列入，企業仍有責任遵循法規。若母公司已提交報告，部分子公司則可獲豁免。
重點摘要：
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涵蓋範圍廣：超過 4,000 家美企，含大部分 S&P 500。
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法規內容：SB 253 聚焦碳排放揭露；SB 261 聚焦氣候風險揭露。
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分階段實施：2026 起揭露 Scope 1、2；2027 起揭露 Scope 3。
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影響深遠：將比 SEC 氣候揭露規則更具影響力。
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名單限制：初步版，責任仍由企業自行承擔。
引述：
「即便名單未涵蓋所有受規範公司，企業仍有責任依法揭露其排放與風險。」——CARB
/E
California Lists 4,000+ Companies Required to Comply with New Climate Disclosure Laws
The California Air Resources Board (CARB) released a preliminary list of 4,160 U.S. companies that must comply with the state’s landmark climate reporting laws, SB 253 and SB 261. The rules will apply to most large U.S. companies, including the majority of S&P 500 members, even as federal climate disclosure rules face uncertainty.
Signed into law in October 2024, the regulations require:
-
SB 253: Companies with over $1B revenue and operations in California must report Scope 1 & 2 emissions, and Scope 3 emissions covering supply chain, travel, commuting, procurement, waste, and water.
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SB 261: Companies with over $500M revenue must report on climate-related financial risks and adaptation measures.
Timeline:
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Scope 1 & 2 disclosures begin in 2026.
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Scope 3 disclosures start in 2027.
-
Climate risk reports due by Jan 1, 2026.
Among listed companies:
-
60% (2,503) are based outside California.
-
2,596 companies must comply with both laws.
-
1,564 companies only with SB 261.
CARB emphasized the list is based on 2022 data and may omit some obligated firms. Companies are responsible for compliance even if not listed, while some subsidiaries may be exempt if covered by a parent company’s report.
Highlights:
-
Broad scope: 4,000+ companies, including most of S&P 500.
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Two laws: Emissions disclosure (SB 253) and climate risk reporting (SB 261).
-
Phased rollout: 2026 for Scope 1–2; 2027 for Scope 3.
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Wider impact: Goes further than pending SEC rules.
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Preliminary list: Companies remain accountable regardless of inclusion.
Quote:
“Even if not listed, companies remain responsible for reporting under the new laws.” — CARB
要不要我幫你把這篇做成 對比圖表（例如 SEC vs. California SB 253/261 的差異、Scope 1-3 時程表），方便放進簡報或 LinkedIn 發文？
You said:
/e,/c "The European Council released a “statement of intent” committing to set a 2035 emissions reduction target for the EU prior to the COP30 international climate conference in November, shortly after lawmakers acknowledged that they will miss the end of September deadline to submit its goal at the conference, as required by the Paris Agreement, as member states have not yet bridged disagreements on key aspects of the EU’s climate ambitions. While not yet settling on a target, the statement of intent indicated that the EU’s 2035 goal would include a goal to reduce greenhouse gas emissions by between 66.25% to 72.5% by 2035, on a 2019 basis. The new goal would form the EU’s Nationally Determined Contribution (NDC) under the Paris Agreement. NDCs are national climate action plans presented by each country under the agreement, and are required to be updated every five years with increasingly higher ambition. The delay in setting a 2035 goal is closely related to extended discussions by member states around proposed changes to the EU Climate Law, and particularly to a proposed goal to reduce emissions by 90% by 2040, which will inform the interim goal. The 2040 goal was officially proposed by the European Commission in July 2025, alongside several proposed changes to the Climate Law, which sets into legislation the EU goal to reach climate neutrality by 2050. Among the key proposed changes proposed were introducing the ability after 2030 to utilize international carbon credits to achieve a portion of the 2040 target under Article 6 of the Paris Agreement, and for carbon-intensive industries in the scope of the EU Emissions Trading System (EU ETS) to use domestic carbon removals for allowances to compensate for residual emissions from hard to abate sectors. While EU environment ministers were originally set to vote on the 2040 target on September 18, however, member states had not yet reached agreement on key aspects, and discussions are now anticipated to be held in late October at the European Council summit. Among the key points under discussion are the flexibilities introduced by the Commission, including the use of international carbon credits to meet the 2040 goals, the use of domestic carbon credits for the EU ETS, and potential flexibilities for sector level targets. For the 2035 goal, it remains unclear where the final target will be set, with some countries, such as Denmark, Spain, Luxembourg, and the Netherlands reportedly pushing for the more ambitious 72.5%, which would align with a linear trajectory to the 2040 goal of 90%, while others, such as Poland, Italy, the Czech Republic, and Hungary favoring the lower-end goal, or the submission of a range instead of a hard target. Following the issuance of the statement of intent, Lars Aagaard, Denmark’s Minister for Climate, Energy and Utilities said: “Today, all 27 member states came together in support of the statement of intent for the EU’s NDC. We continue to stand united and will speak with one clear voice at the United Nations. It shows a will of the EU and its member states to find solutions in and promote global climate action.”"
ChatGPT said:
好的，以下是依照你要求完成的 /C（繁體中文詳盡摘要） 與 /E（英文摘要）：
/C
歐盟延後提交 2035 減排目標，但承諾 COP30 前確定新承諾
歐洲理事會發布「意向聲明」，承諾將在 11 月巴西舉行的 COP30 前，正式設定 2035 年溫室氣體減排目標。雖然未能在巴黎協定規定的 9 月底期限前提交，但聲明指出，減排幅度將介於 2019 年基準的 66.25% 至 72.5% 之間。
此次延宕與歐盟成員國對《氣候法》修正案仍存分歧有關，特別是 2040 年減排 90% 目標 及其靈活性設計，例如：
目前各國立場分歧：丹麥、西班牙、盧森堡、荷蘭等支持 72.5% 的高標目標，與 2040 年 90% 線性軌跡一致；波蘭、義大利、捷克、匈牙利則偏向低標，甚至傾向以範圍而非明確數字提交。
丹麥氣候能源部長 Lars Aagaard 表示，雖然尚未完全定案，但 27 個成員國已共同支持此意向聲明，將以「統一聲音」在聯合國表達歐盟的決心。
重點摘要：
-
意向聲明：2035 減排 66.25%–72.5%，COP30 前正式確立。
-
背景爭議：與 2040 年 90% 減排目標、國際碳權與 ETS 彈性設計有關。
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內部分歧：北歐與西歐推高標，東歐與南歐傾向低標或彈性範圍。
-
戰略意義：NDC 更新對全球氣候治理具示範效果，影響 COP30 談判。
引述：
「今天，27 個成員國共同支持 EU 的 NDC 意向聲明，展現了我們推動全球氣候行動的意志。」——丹麥氣候能源部長 Lars Aagaard
/E
EU Pledges to Finalize 2035 Climate Target Before COP30 Amid Internal Disputes
The European Council issued a “statement of intent” committing to set the EU’s 2035 climate goal ahead of the COP30 summit in November. While missing the September Paris Agreement deadline, the statement indicated a reduction of 66.25% to 72.5% from 2019 levels by 2035.
The delay stems from disagreements among member states over revisions to the EU Climate Law and the 2040 target of a 90% cut, including flexibilities such as:
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Allowing the use of international carbon credits post-2030 under Article 6 of the Paris Agreement.
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Permitting domestic carbon removals within the EU ETS to offset hard-to-abate emissions.
-
Possible sector-level flexibility.
Positions remain divided: Denmark, Spain, Luxembourg, and the Netherlands push for the ambitious 72.5%, aligning with a linear path to 2040’s 90% target, while Poland, Italy, Czechia, and Hungary prefer the lower end or a range.
Despite differences, Denmark’s Climate Minister Lars Aagaard emphasized EU unity in the intent statement, noting that the bloc will present a single voice at COP30 to reinforce global climate action.
-
Intent statement: 66.25%–72.5% cut by 2035, to be finalized before COP30.
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Linked to 2040 goal: 90% cut proposal with flexibilities under discussion.
-
Divisions: Northern/Western EU favor higher ambition; Eastern/Southern EU prefer lower targets.
-
Global signal: Updated NDC to shape COP30 climate negotiations.
“All 27 member states supported the intent statement, showing the EU’s will to find solutions and promote global climate action.” — Lars Aagaard, Denmark’s Climate Minister
要不要我幫你整理一份 EU 2035/2040 減排目標談判圖表（包含高標、低標、各國立場）？這樣可以更直觀放到簡報或 LinkedIn 發文裡。
2.Microsoft Partners with Stegra to Bring Near-Zero Emission Steel into Datacenter Supply Chain
Swedish green steelmaker Stegra announced two agreements with Microsoft: one for the physical supply of low-carbon steel and another for environmental attribute certificates (EACs). Founded in 2020, Stegra uses green hydrogen and 100% renewable electricity to produce steel with up to 95% fewer emissions compared to conventional methods.
Under the first deal, Stegra will supply steel from its Boden plant, processed by suppliers into components for Microsoft datacenters. The second agreement decouples the environmental value of green steel from the physical product: emissions reductions are sold through certificates, while the steel can be marketed conventionally. Buyers of the physical steel cannot make sustainability claims, ensuring no double counting, while Microsoft applies the EACs toward its carbon goals.
Stegra’s CEO highlighted the unconventional partnership as a driver of sustainable change, while Microsoft’s CSO stressed that EACs serve as a bridge to signal demand, finance projects, and accelerate global low-carbon steel production until broader physical supply is feasible.
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Steel with 95% fewer emissions using hydrogen and renewables.
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Datacenter application: processed into Microsoft equipment components.
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EAC system: separates emissions reductions from steel itself, ensuring credibility.
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Strategic role: bridges short-term gaps, drives long-term low-carbon steel adoption.
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Foundation: builds on Microsoft’s 2023 Climate Innovation Fund investment in Stegra.
“When physical delivery isn’t yet feasible, signing EAC agreements demonstrates reductions are possible through credible mechanisms while signaling demand to scale global production.” — Melanie Nakagawa, CSO, Microsoft
3.EU May Delay Deforestation Law Again Over IT System Concerns
The European Commission is considering another one-year delay of the EU Deforestation Regulation (EUDR), citing risks that current IT systems cannot handle the massive data load required. The law, initially set for large companies at the end of 2024 and SMEs by mid-2026, was already delayed once last year.
Introduced in 2021, the EUDR aims to ban products linked to post-2020 deforestation from EU markets, covering commodities such as palm oil, beef, timber, coffee, cocoa, rubber, and soy, as well as derived goods like leather, chocolate, tires, and furniture. Companies must conduct due diligence, tracing products to the plot of land where they were produced and proving compliance with local laws.
Commissioner Jessika Roswall warned in a letter that launching with current systems could cause severe slowdowns or disruptions, undermining the law’s objectives and trade flows. While reaffirming the regulation’s importance to fight global deforestation, she recommended a one-year delay to avoid uncertainty and give stakeholders more time to prepare.
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Second delay: Another one-year pushback considered after last year’s postponement.
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Scope: Commodities and products including palm oil, beef, timber, coffee, cocoa, rubber, soy, and derivatives.
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Due diligence: Mandatory traceability to prove no deforestation since 2020.
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Main issue: IT system capacity risks, potential trade disruptions.
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Commission stance: EUDR is crucial, but requires a stable system to succeed.
“Implementing with current systems would very likely lead to unacceptable slowdowns or repeated disruptions, potentially affecting trade flows.” — EU Commissioner Jessika Roswall
4.California Lists 4,000+ Companies Required to Comply with New Climate Disclosure Laws
The California Air Resources Board (CARB) released a preliminary list of 4,160 U.S. companies that must comply with the state’s landmark climate reporting laws, SB 253 and SB 261. The rules will apply to most large U.S. companies, including the majority of S&P 500 members, even as federal climate disclosure rules face uncertainty.
Signed into law in October 2024, the regulations require:
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SB 253: Companies with over $1B revenue and operations in California must report Scope 1 & 2 emissions, and Scope 3 emissions covering supply chain, travel, commuting, procurement, waste, and water.
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SB 261: Companies with over $500M revenue must report on climate-related financial risks and adaptation measures.
Timeline:
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Scope 1 & 2 disclosures begin in 2026.
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Scope 3 disclosures start in 2027.
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Climate risk reports due by Jan 1, 2026.
Among listed companies:
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60% (2,503) are based outside California.
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2,596 companies must comply with both laws.
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1,564 companies only with SB 261.
CARB emphasized the list is based on 2022 data and may omit some obligated firms. Companies are responsible for compliance even if not listed, while some subsidiaries may be exempt if covered by a parent company’s report.
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Broad scope: 4,000+ companies, including most of S&P 500.
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Two laws: Emissions disclosure (SB 253) and climate risk reporting (SB 261).
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Phased rollout: 2026 for Scope 1–2; 2027 for Scope 3.
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Wider impact: Goes further than pending SEC rules.
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Preliminary list: Companies remain accountable regardless of inclusion.
“Even if not listed, companies remain responsible for reporting under the new laws.” — CARB
5.EU Pledges to Finalize 2035 Climate Target Before COP30 Amid Internal Disputes
The European Council issued a “statement of intent” committing to set the EU’s 2035 climate goal ahead of the COP30 summit in November. While missing the September Paris Agreement deadline, the statement indicated a reduction of 66.25% to 72.5% from 2019 levels by 2035.
The delay stems from disagreements among member states over revisions to the EU Climate Law and the 2040 target of a 90% cut, including flexibilities such as:
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Allowing the use of international carbon credits post-2030 under Article 6 of the Paris Agreement.
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Permitting domestic carbon removals within the EU ETS to offset hard-to-abate emissions.
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Possible sector-level flexibility.
Positions remain divided: Denmark, Spain, Luxembourg, and the Netherlands push for the ambitious 72.5%, aligning with a linear path to 2040’s 90% target, while Poland, Italy, Czechia, and Hungary prefer the lower end or a range.
Despite differences, Denmark’s Climate Minister Lars Aagaard emphasized EU unity in the intent statement, noting that the bloc will present a single voice at COP30 to reinforce global climate action.
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Intent statement: 66.25%–72.5% cut by 2035, to be finalized before COP30.
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Linked to 2040 goal: 90% cut proposal with flexibilities under discussion.
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Divisions: Northern/Western EU favor higher ambition; Eastern/Southern EU prefer lower targets.
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Global signal: Updated NDC to shape COP30 climate negotiations.
“All 27 member states supported the intent statement, showing the EU’s will to find solutions and promote global climate action.” — Lars Aagaard, Denmark’s Climate Minister
