The UK’s Competition and Markets Authority (CMA) plans to adopt a “more permissive approach” to the application of competition rules to agreements between competitors, for agreements that combat or mitigate climate change, according to new draft guidance released by the regulator on Tuesday.
According to the regulator, the proposals in the guidance aim to help businesses to address climate change and environmental sustainability “undue fear of breaching competition rules.”
The UK’s Competition and Markets Authority (CMA) plans to adopt a “more permissive approach” to the application of competition rules to agreements between competitors, for agreements that combat or mitigate climate change, according to new draft guidance released by the regulator on Tuesday.
According to the regulator, the proposals in the guidance aim to help businesses to address climate change and environmental sustainability “undue fear of breaching competition rules.”
Source: https://www.esgtoday.com/uk-to-take-more-permissive-approach-to-competition-law-for-agreements-the-combat-climate-change/?utm_source=feedly&utm_medium=rss&utm_campaign=uk-to-take-more-permissive-approach-to-competition-law-for-agreements-the-combat-climate-change