The UK competition regulator will ease the antitrust rules on climate change initiatives to tackle business concerns that collaboration on climate action could expose them to claims of collusion, writes Kate Beioley and Camilla Hodgson in the Financial Times.
Ben Caldecott, director of the UK Centre for Greening Finance and Investment research initiative, said regulators needed to “clarify that under existing rules co-operation on these issues is permissible, and indeed actively encouraged, or that they will make changes to allow such co-operation to take place”. That would be “essential for finding and then mainstreaming the most successful strategies for tackling climate change and climate-related risk”, he said.