News & Analysis as of

Climate Change Carbon Pricing

Goldberg Segalla

Federal Agencies Join White House in Outlining Principles for Voluntary Carbon Markets

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On May 28, multiple federal agencies in conjunction with the White House published a Joint Policy Statement that laid out the principles for the further development of future, high-integrity voluntary carbon-credit markets....more

Quarles & Brady LLP

The SEC Issues Final Climate Disclosure Rules for Public Companies, but Legal Challenges are Pending

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On March 6, 2024, the Securities and Exchange Commission (SEC) finalized its long-awaited climate disclosure rules on a party-line 3-2 vote. The new rules have been significantly watered down from the SEC’s March 21, 2022...more

Foley Hoag LLP - Environmental Law

Update on RGGI in Pennsylvania

In 2022, Pennsylvania became the 12th member of the Regional Greenhouse Gas Initiative (“RGGI”). Pennsylvania joined RGGI pursuant to a 2019 executive order and a subsequent rulemaking promulgated by the state’s Department of...more

Mintz - Energy & Sustainability Viewpoints

SEC Approves Sweeping New Climate Disclosure Rule: Key Takeaways

The Securities & Exchange Commission ("SEC") issued its long-awaited final rule concerning climate disclosures, entitled “The Enhancement and Standardization of Climate-Related Disclosures for Investors” (“Climate Disclosure...more

Latham & Watkins LLP

UK Government Announces New Import Carbon Pricing Mechanism

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Goods imported into the UK from countries with a lower or no carbon price will face a levy by 2027. On 18 December 2023, the UK government announced a proposal for a new carbon border adjustment mechanism (UK CBAM)....more

Jones Day

Transitioning Into the European Carbon Border Adjustment Mechanism

Jones Day on

As part of the Fit for 55 Package of the EU Green Deal, the EU Carbon Border Adjustment Mechanism("CBAM"), adopted through Regulation (EU) 2023/956 of May 10, 2023, is considered by the EU institutions as a key tool to become...more

Foley Hoag LLP - Environmental Law

FERC Cannot Avoid the Social Cost of Carbon By Arguing That It is Not Universally Accepted

On August 3, the District of Columbia Court of Appeals held that FERC could not avoid use of the social cost of carbon in assessing the impacts of natural gas projects by arguing that “there is no universally accepted...more

Foley Hoag LLP - Environmental Law

At What Level of Government Are We Going to Regulate Climate Change? (Hint — It Is a Global Problem.)

Last week, Judge Yvonne Gonzalez Rogers ruled that the Berkeley ordinance essentially banning use of natural gas in new construction was not preempted by the Energy Policy and Conservation Act. I’m not here to opine on the...more

Foley Hoag LLP - Environmental Law

Carbon Pricing — Is It the Zombie Climate Policy?

At a press briefing in India yesterday, John Kerry, President Biden’s Special Presidential Envoy for Climate was asked by an Indian journalist about carbon pricing. Here’s part of his response: President Biden believes...more

Blake, Cassels & Graydon LLP

Répercussions de la constitutionnalité de la Loi sur la tarification de la pollution causée par les gaz à effet de serre

Dans le Renvoi relatif à la Loi sur la tarification de la pollution causée par les gaz à effet de serre (l’« arrêt »), une majorité de juges de la Cour suprême du Canada (la « CSC ») a déclaré que la Loi sur la tarification...more

(ACOEL) | American College of Environmental...

Canada Given Green Light to Carbon Pricing: Why the Supreme Court of Canada’s Decision Should Matter to Those South of Our...

On March 25, 2021, the Supreme Court of Canada upheld the Greenhouse Gas Pollution Pricing Act (“GGPPA”), which establishes a national pricing benchmark for greenhouse gas (“GHG”) emissions. Reference re Greenhouse Gas...more

Blake, Cassels & Graydon LLP

Now That the Greenhouse Gas Pollution Pricing Act Has Been Determined to be Constitutionally Valid – What Does it All Mean?

In Reference re Greenhouse Gas Pollution Pricing Act (Decision), a majority of the Supreme Court of Canada (SCC) declared that the federal Greenhouse Gas Pollution Pricing Act (Act) is constitutional. This Bulletin discusses...more

Blake, Cassels & Graydon LLP

Le gouvernement fédéral publie un projet de règlement sur les crédits compensatoires de gaz à effet de serre

Le 6 mars 2021, le gouvernement du Canada a publié le projet de Règlement sur le régime canadien de crédits compensatoires concernant les gaz à effet de serre (le « Règlement »). Ce dernier fait actuellement l’objet d’une...more

Blake, Cassels & Graydon LLP

Canada Issues Proposed Federal Greenhouse Gas (GHG) Offset Regulations

On March 6, 2021, Canada published the Greenhouse Gas Offset Credit System Regulations (Canada) (Offset Regulations). The Offset Regulations are subject to public input and comment for 60 days until May 5, 2021, with final...more

BCLP

Carbon pricing in the UK/Europe: ETS and CORSIA developments

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Operators in the aviation sector and the ‘stationary sectors’ (power generation, energy intensive industries, etc.) should note that the environmental regulatory framework for carbon pricing and emissions trading in the...more

Foley Hoag LLP - Environmental Law

More on the Social Cost of Carbon — Are We Doing It All Wrong?

Last month, I posted about the Biden administration’s effort to develop a new estimate of the social cost of carbon. The EO requires a new interim SCC within 30 days and a new longer-term SCC by January 2022...more

Blake, Cassels & Graydon LLP

Changements climatiques: mesures gouvernementales, réserve judiciaire et obligations d’information des sociétés

En cette période de pandémie mondiale, si les questions de santé monopolisent une grande partie de notre attention, les changements climatiques n’en demeurent pas moins à l’avant-plan des enjeux avec lesquels les...more

Blake, Cassels & Graydon LLP

Climate Change: Government Action, Judicial Restraint and Corporate Disclosure

While our attention is primarily on health issues during this global pandemic, climate change remains at the forefront of issues being addressed by governments, courts and businesses. This bulletin summarizes some of the...more

Beveridge & Diamond PC

Carbon Markets Roundup - September 2020

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B&D’s Carbon Markets Roundup covers domestic and international developments related to carbon pricing and related regulatory programs aimed at regulating or reducing greenhouse gas (GHG) emissions. Despite—or perhaps because...more

Beveridge & Diamond PC

Carbon Markets Roundup - September 2021

Beveridge & Diamond PC on

B&D’s Carbon Markets Roundup covers domestic and international developments related to carbon pricing and related regulatory programs aimed at regulating or reducing greenhouse gas (GHG) emissions. Despite—or perhaps because...more

Bennett Jones LLP

B.C. Carbon Tax Increase Delayed Further Due to COVID-19

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On September 2, 2020, the Government of British Columbia announced that it will further delay implementation dates for changes to the B.C. Carbon Tax and Provincial Sales Tax (PST) due to COVID-19....more

Holland & Knight LLP

Senior House Democrats Release Climate Proposal Requiring Net-Zero Emissions by 2050

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Senior Democrats on the House Energy and Commerce Committee on Jan. 9, 2020, released a comprehensive legislative framework to combat climate change targeting net-zero emissions by 2050. The latest in the series of sweeping...more

Blake, Cassels & Graydon LLP

Federal Carbon Pricing System Coming Into Force January 2019: How Will it Impact Your Business?

Under the Greenhouse Gas Pollution Pricing Act (Act), the federal government is empowered to administer and enforce a two-pronged carbon pricing system in provinces and territories that either fail to meet the federal...more

Bennett Jones LLP

New Details on Application of Federal Carbon-Pricing Backstop

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On October 23, 2018, the federal government made further announcements regarding the federal carbon-pricing backstop (the “Backstop”), providing details on where the pricing system will apply and how the revenues for those...more

Blake, Cassels & Graydon LLP

Canada Details Federal Carbon Pricing System in Face of Increasing Opposition

On October 23, 2018, the Government of Canada announced additional details regarding the federal carbon pricing system and published draft regulations amending the Greenhouse Gas Pollution Pricing Act (Act). A federal fuel...more

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