Belgium: Compliance

The Belgian Competition Authority has issued comprehensive guidelines on sustainability agreements, introducing novel mechanisms for businesses to cooperate on environmental and social objectives while navigating antitrust compliance.

The European Union has codified a legally binding 90% net reduction in greenhouse gas emissions by 2040, fundamentally reshaping decarbonization trajectories, carbon market architecture, and industrial transition strategies. This intermediate climate target introduces a calibrated flexibility mechanism permitting limited use of high-quality international carbon credits while establishing distinct accounting tracks for domestic permanent removals and cross-border mitigation, creating significant implications

A new regime tackling foreign subsidies has begun to take effect in the European Union (the "EU"): the Foreign Subsidies Regulation (the "FSR").