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NEWS
Parliament has reported that the Independent Expert Panel (IEP) has dismissed an appeal brought by Scott Benton MP, which challenged whether he had breached paragraph 11 of the Code of Conduct for Members of Parliament. The IEP found that Benton’s actions had breached the Code of Conduct, and that the sanction of 35 days' suspension, with the concomitant loss of salary, stands.
NEWS
The Interim Environmental Protection Assessor for Wales (IEPAW) has launched a second call for evidence to support its report on the law relating to the quality of freshwaters in Wales, with a particular focus on agricultural pollution. The call marks the second stage of IEPAW’s review and follows the completion of its background research into the causes of freshwater pollution. Evidence on pollution from land use was not included in the first call for evidence on wastewater in 2024 because IEPAW was awaiting the outcome of the Bolton Review. The call for evidence closes on 27 July 2026.
NEWS
The Independent Expert Panel (IEP) has published a report requiring Lee Anderson MP to offer an apology in the House of Commons after the Parliamentary Commissioner for Standards found that Anderson breached Parliament’s bullying and harassment policy. This finding follows a complaint made to the Independent Complaints and Grievance Scheme that Anderson had sworn twice at a security officer after his pass did not work when he tried to enter the parliamentary estate in November 2023. The report covers the report by the Chair of the panel, the appeal against the decision of the Commissioner, and the decision on sanction.
NEWS
International Emissions Trading Association (IETA) has published recommendations for the implementation of Regulation (EU) 2024/3012 (EU Carbon Removals Regulation), which came into force in 2024. The organisation has called for clarity on end-uses for temporary and permanent credits, utilisation of existing market infrastructure, and compatibility with the European Union Emissions Trading System Registry. IETA also emphasised the need for comprehensive guidance on administrative processes for certification. The European Commission is currently developing methodologies and technical rules for the framework, with further clarification expected through the EU Green Claims Directive and a report on permanent negative emissions in emissions trading by July 2026.
NEWS
The International Emissions Trading Association (IETA) has published a COP16 summary report titled ‘Biodiversity Credits Market Analysis’. In this report the IETA has provided an overview of key developments from COP16 and examined various frameworks for private sector engagement, biodiversity initiatives, and the emerging biodiversity credits market. The IETA also reflected upon the insights gained from the International Science-Policy Platform on Biodiversity and Ecosystem Services and the 2030 Agenda for Sustainable Development.
NEWS
The International Emissions Trading Association (IETA) has issued Guidelines for High Integrity Use of Carbon Credits which provides guidance on how corporate buyers should consider using carbon credits to advance the Paris Agreement's objectives. The IETA asserts that while the guidelines focus on defining carbon credit use cases for companies, such use must always take place in connection with internal abatement activities to decrease absolute emissions across all scopes in line with ambitious near-and long-term targets.
IFC
GLOSSARY
Issued for construction
NEWS
The International Finance Corporation (IFC) has launched a new initiative, ClimaLab, to help financial institutions in Europe manage climate risks and build robust climate management plans. The European Union regulatory framework is encouraging banks to integrate climate risk in decision making and focus on managing risks in their loan portfolios while financing sustainable initiatives. The ClimaLab initiative has been designed to assist with this, comprising of a range of climate-focused programs to help banks build capacity on climate resilience and better integrate climate and sustainability measures into their management.
NEWS
The International Federation for Investment Law and Arbitration (IFILA) will host its first annual conference at Herbert Smith Freehills Kramer in London on 1 July 2026. The event will explore the theme ‘International Arbitration in geo-political and geo-economic volatile times’. Sir Christopher Vajda KC, barrister at Monckton Chambers, will deliver a keynote address on ‘Investment arbitration: Too little or too much law?’. The programme will also feature regional panel discussions offering perspectives from North America, Asia, Africa and Europe.
GLOSSARY
The rules governing the family arbitration scheme, see: IFLA children scheme rules—2021 and IFLA financial scheme rules—2021.
GLOSSARY
International Framework for Nuclear Energy Co-operation: a forum for participating states to explore mutually beneficial approaches to ensure the use of nuclear energy for peaceful purposes proceeds in a manner that is efficient and meets the highest standards of safety, security and non-proliferation.
GLOSSARY
A former international accounting standard, IAS19, set a limit on the amount of pensions surplus that could be included on a company's balance sheet to that amount that could be reasonably returned (eg by way of actual return, or future contribution holidays). This was usually less than the full value (unlike any deficit, which always kept its full value). In practice accountants found it hard to value the amount. From January 2008, the IFRC 14 standard applied (covering quoted companies) which allows a higher amount to be shown where there is an unconditional right to return of surplus. Lawyers now need to be involved to work out what the rules are on return of surplus.