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Development finance facilities: Prospects for APAC
Sponsors and project developers across the renewables and energy transition space are currently facing a challenging macroeconomic environment.
United Kingdom | Publication | January 2024
On December 14, 2023, the Pensions Ombudsman published its Annual Report and Accounts for 2022/23.
The report highlights the continuing increase in demand for the Ombudsman’s services, with the number of complaints received increasing by 17 per cent from 6,216 in 2021/2022 to 7,280 in 2022/23. The Ombudsman also increased the number of complaint closures by 49 per cent compared to the previous year - closing more complaints than it received (5,221 in 2021/22 to 7,784 in 2022/23). This was achieved due to the development of new efficiencies and some additional funding from DWP.
This year also saw the Pensions Dishonesty Unit publish its first Determinations, which directed the return of approximately £15m to the schemes involved. The Ombudsman has secured funding until March 2025 to continue this work.
Despite these successes, waiting times continue to be a significant issue and addressing these remains a priority.
Publication
Sponsors and project developers across the renewables and energy transition space are currently facing a challenging macroeconomic environment.
Publication
The case of Robert Kneschke v. LAION e.V. marks a significant milestone in the legal landscape concerning the use of copyright works for AI training. As the first of its kind in Germany, the outcome of the case has the potential to reshape the intersection of AI development and copyright law, setting a precedent with broad implications for the AI industry and intellectual property protection. With many stakeholders tracking the case closely, the decision in the case could influence similar legal battles across Europe and beyond.
Publication
On 21 May 2024, the European Council (or Council) adopted the so-called ‘Hydrogen and decarbonised gas market package’ (the Gas Package). The package contains a recast of the 715/2009 gas regulation (Gas Regulation) and a recast of the 2009/73 gas directive (Gas Directive) aimed at reforming the existing EU regulatory framework to support the deployment of renewable and low-carbon gases, in particular hydrogen. As such, it represents a major development in the EU gas market.
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