This paper critically examines the AI Act's provisions on climate-related transparency, highlighting significant gaps and challenges in its implementation. We identify key shortcomings, including the exclusion of energy consumption during AI inference, the lack of coverage for indirect greenhouse gas emissions from AI applications, and the lack of standard reporting methodology. The paper proposes a novel interpretation to bring inference-related energy use back within the Act's scope and advocates for public access to climate-related disclosures to foster market accountability and public scrutiny. Cumulative server level energy reporting is recommended as the most suitable method. We also suggests broader policy changes, including sustainability risk assessments and renewable energy targets, to better address AI's environmental impact.

Humans possess a remarkable ability to assign novel interpretations to linguistic expressions, enabling them to learn new words and understand community-specific connotations. However, Large Language Models (LLMs) have a knowledge cutoff and are costly to finetune repeatedly. Therefore, it is crucial for LLMs to learn novel interpretations in-context. In this paper, we systematically analyse the ability of LLMs to acquire novel interpretations using in-context learning. To facilitate our study, we introduce MAGNIFICo, an evaluation suite implemented within a text-to-SQL semantic parsing framework that incorporates diverse tokens and prompt settings to simulate real-world complexity. Experimental results on MAGNIFICo demonstrate that LLMs exhibit a surprisingly robust capacity for comprehending novel interpretations from natural language descriptions as well as from discussions within long conversations. Nevertheless, our findings also highlight the need for further improvements, particularly when interpreting unfamiliar words or when composing multiple novel interpretations simultaneously in the same example. Additionally, our analysis uncovers the semantic predispositions in LLMs and reveals the impact of recency bias for information presented in long contexts.