ESG sustainable development regulations and policies in various countries

In today's rapidly changing global landscape, sustainable development has become a core issue of global concern, closely intertwined with the three dimensions of economic prosperity, social justice, and environmental protection. Governments around the world are making unprecedented efforts to carefully plan at the national strategic level, through a series of innovative regulations and policies, striving to navigate steadily in the wave of economic growth, while safeguarding the precious gifts of nature, promoting social equity and justice, and paving a path towards a more prosperous and harmonious earth for future generations.

These carefully designed regulatory and policy frameworks are not only a profound imprint of the country's blueprint for the future, but also a firm practice and positive response to the global Sustainable Development Goals (SDGs) advocated by the United Nations and the international community. They are like lighthouses, guiding countries to find the best balance between development and protection, promoting the sustained release of economic vitality, ensuring a virtuous cycle of natural ecology, and promoting the well-being of all sectors of society.

This article aims to deeply analyze the sustainable development strategies and measures at the national level, revealing how they accurately implement policies, influence and shape the development trajectory of countries in complex and changing domestic and international environments. We will examine how these policies can stimulate green innovation, promote industrial upgrading, facilitate efficient and circular use of resources, and strengthen environmental protection, narrow social gaps, and achieve inclusive growth through institutional design. Ultimately, exploring the unique contributions and universal inspirations of these countries' practices in the global sustainable development context, and contributing wisdom and strength to the construction of a community with a shared future for mankind.

China

China aims to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060.

It discusses China's low-carbon transformation strategy for future development, aiming to align the implementation of climate goals for 2030 and 2060 with China's socio-economic development.

https://www.gov.cn/zhengce/2021-10/24/content_5644613.htm

America

The national level policies of the United States mainly come from the Securities and Exchange Commission (SEC), which is a federal agency in the United States.

The SEC has mandatory disclosure requirements for listed companies, including disclosure of climate risks, greenhouse gas emissions, etc.

https://www.sec.gov/

Britain

A ten point plan | This ten point plan outlines the measures that the government will take to better rebuild, support green employment, and accelerate the achievement of zero net emissions. In summary, it means expanding low-carbon technologies and infrastructure, strengthening the protection of biodiversity, and promoting green finance.

https://www.gov.uk/government/publications/the-ten-point-plan-for-a-green-industrial-revolution

Japan

The Ministry of Economy, Trade and Industry (METI) of Japan has released the "Green Growth Strategy", which sets Japan's goal of achieving carbon neutrality by 2050 and building a "zero carbon society" to promote the sustained recovery of the Japanese economy. It is expected that by 2050, this strategy will create nearly $2 trillion in economic growth for Japan annually. In order to implement the above strategic objectives, the strategy has put forward specific development goals and key development tasks for 14 industries including offshore wind power, fuel cells, hydrogen energy, etc.

https://www.mofa.go.jp/files/100153687.pdf

France

France's Energy Transition for Green Growth Law.

The framework of the French Energy Transition for Green Growth Act and its related action plan aim to provide France with means to diversify its energy structure and strengthen its actions to address climate change. It covers a wide range of economic activities and imposes binding energy targets on the transportation, housing, and renewable energy sectors. This bill requires mandatory disclosure of climate risks at the national level in France.

https://climate-laws.org/document/law-no-2015-992-on-energy-transition-for-green-growth-energy-transition-law_aea3

Australia

The Treasury Amendment 2024 marks a significant evolution in how Australian companies think and report on their climate risks and opportunities. While welcoming these changes, it must also be acknowledged that they not only have a significant impact on compliance, but also on ensuring the competitiveness and resilience of Australian companies in the future.

https://treasury.gov.au/sites/default/files/2024-01/c2024-466491-policy-state.pdf

 

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