Recent regulatory updates in Europe and the US are shaping the landscape for climate change policies. The EU introduced the 'Empowering Consumers Directive' and the 'Green Claims Directive' to regulate companies' environmental claims. The EU also adopted the Corporate Sustainability Due Diligence Directive imposing strict obligations on large companies. Efforts to combat deforestation's impact on emissions face challenges in implementation, requiring substantial preparatory work. In the US, the EPA has finalized rules for regulating pollution from power plants and announced new stringent vehicle emissions standards. On a global scale, Japan's approval of a draft hydrogen bill aims to incentivize the use of low-carbon hydrogen towards achieving net zero emissions by 2050. Meanwhile, litigation around climate action is intensifying. The European Court of Human Rights ruled climate inaction violates human rights, reflecting a growing legal emphasis on climate responsibilities. In the US, the SEC's climate disclosure rules sparked litigation from various parties, showcasing the legal disputes surrounding climate-related regulations. Challenges against California's emission limits and the UK government's net-zero rollback demonstrate the legal battles over climate policies. The transactional sphere sees a focus on offshore wind development in the US and climate risk insurance for supply chains. As regulatory pressures increase, companies are advised to enhance their compliance and risk management strategies to navigate the evolving environmental landscape.