News & Analysis as of

Environmental Policies Paris Agreement

White & Case LLP

Further groundwork for Article 6 Paris Agreement laid at Bonn Climate Change Conference

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The Bonn Climate Change Conference saw limited progress resolving open issues related to Article 6 of the Paris Agreement, which aims to incentivize international cooperation in mitigating climate change through carbon credit...more

Morgan Lewis

Article 6 of the Paris Agreement and Its Impact on Investments in Clean Cookstoves

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The “rulebook” for the technical and operational aspects of Article 6 of the Paris Agreement, which facilitates countries engaging in projects that reduce greenhouse gas emissions and selling the associated carbon credits to...more

Bennett Jones LLP

BC Output-Based Pricing System for Carbon Emissions

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On April 1, 2024, the new Output-Based Pricing System (OBPS) will come into force under the Budget Measures Implementation Act, 2023 (Budget 2023).  The OBPS is a new British Columbia (BC) emissions pricing system (although...more

Mayer Brown

Singapore’s Carbon Regulations: Paving The Way For The Green Plan 2030

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Recognising the threat of climate change and the importance of sustainable development, Singapore has made a commitment to establishing a robust framework of environmental and climate change laws and regulations – an...more

Latham & Watkins LLP

COP28: Key Takeaways From the Annual Climate Conference in Dubai

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The first global stocktake, Article 6, carbon markets, new finance pledges, and the loss and damage fund formed the major developments at this year’s conference. Between November 30 and December 12, 2023, Dubai hosted the...more

Akin Gump Strauss Hauer & Feld LLP

COP28 - December 5, 2023 Recap

Akin is participating at COP28 and providing regular updates from the conference. COP28 - December 5, 2023 Recap - - A draft of the first Global Stocktake (GST), the document that assesses countries’ progress toward...more

Cadwalader, Wickersham & Taft LLP

UN Environment Programme Report Calls for Disclosure Standards for Non-State Actors

On October 26, 2023, the UN Environment Programme (UNEP) published a report with recommendations for linking climate-related actions taken by non-state actors (NSAs) to the Enhanced Transparency Framework (ETF) established by...more

Latham & Watkins LLP

Long-Awaited Guidelines From Article 6.4 Published Ahead of COP28

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The Supervisory Body published the Methodology Guidance and the Removal Guidance to be presented for discussion in COP28. After two years of discussion, the Supervisory Body (SB) responsible for determining the...more

Akin Gump Strauss Hauer & Feld LLP

Previewing COP28: Opportunities, Challenges and Anticipated Outcomes

The 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC) has commenced this week in Dubai, United Arab Emirates (UAE), and will run through December 12, 2023. The UAE is...more

Flaster Greenberg PC

American Carbon Emissions Fall Again - But to What End?

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Two recent studies show that, by the end of 2023, United States carbon emissions will decrease, despite an expansion in the overall economy of about 2.5 percent. That is, according to the United States Energy Information...more

Cadwalader, Wickersham & Taft LLP

European Citizens Sue States for Breach of Human Rights Resulting from Failure to Take Stronger Climate Action

On September 27, 2023, six “Portuguese young people” were heard by the European Court of Human Rights (ECtHR) in a lawsuit against 32 European governments, including all EU member states, alleging that their failure to act...more

Brownstein Hyatt Farber Schreck

COP and the Private Sector: How Industry Leaders Can Leverage the Climate Conference

The 28th iteration of the Conference of Parties (COP28) under the United Nations Framework Convention on Climate Change will take place in Dubai, United Arab Emirates, from Nov. 30–Dec. 12, 2023. The meeting brings together...more

White & Case LLP

Decarbonizing the industry sector with small modular reactors

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According to the 2022 World Energy Outlook of the International Energy Agency, the industry sector generates 45 percent of the total direct emission from end-users and it will be extremely difficult to reach net zero without...more

Cadwalader, Wickersham & Taft LLP

Sustainable Business Group Urges EU to Cut GHG Emissions 90% by 2040

On September 5, 2023, the Corporate Leaders Group Europe (CLG Europe) published a position paper urging the European Union to cut its greenhouse gas (GHG) emissions by at least 90% by 2040, and asked EU member states to...more

Lippes Mathias LLP

Climate Week NYC 2023: Key Takeaways and Insights on What’s to Come

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Each year during the regular session of the United Nations (U.N.) General Assembly, the Climate Group—an international nonprofit that works to address climate change with government leaders and businesses—hosts Climate Week...more

Cadwalader, Wickersham & Taft LLP

United Nations Releases First Global Stocktake on Parties’ Achievements Under the Paris Agreement

On September 8, 2023, the United Nations published its first Global Stocktake report on the progress made by nations in addressing climate change. The report, which represents the first comprehensive assessment of nearly 200...more

A&O Shearman

Delivering Net Zero by 2050: the $200 trillion opportunity

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Until now, however, no comprehensive estimate existed of the of that opportunity, (or, to put it another way, the size of the financing gap between committed spending and the investment needed to deliver Net Zero by 2050...more

Cadwalader, Wickersham & Taft LLP

U.S. and UK Announce Partnership on Clean Energy Transition

The United States and the United Kingdom announced a partnership to address a range of global challenges, including the transition to clean energy. As part of the partnership, announced on June 9, 2023, the two countries...more

Cadwalader, Wickersham & Taft LLP

IIGCC Publishes Net Zero Standard for Oil and Gas Sector

On April 18, 2023, the Institutional Investors Group on Climate Change (IIGCC) published a “Net Zero Standard for Oil & Gas.” Development of the Standard follows a two-year collaborative process led by IIGCC with support from...more

Cadwalader, Wickersham & Taft LLP

Increased Investor Pressure for More Ambitious Climate Pledges Ahead of AGMs

In early April, the climate activist shareholder group, Follow This, filed shareholder resolutions seeking stronger energy transition strategies from several oil “super-majors.” The resolutions have been filed in advance of...more

A&O Shearman

Decarbonisation disputes: the evolving frontier of climate-related risk

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The Net Zero transition will not be smooth. The scale of the investment required and the appetite and ability of countries to implement new policy – both now and in the years to come – will cause unprecedented disruption and...more

Kilpatrick

Is My Company Required to Comply with The Paris Agreement?

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In December 2015, 196 parties to the United Nations Framework Convention on Climate Change (UNFCCC) reached consensus on the Paris Agreement, which is an international treaty that seeks to keep global temperature rise well...more

Cadwalader, Wickersham & Taft LLP

Climate Activist Sends Shareholder Proposals to Multiple U.S. Banks

Environmental advocacy group As You Sow has sent climate-focused shareholder resolutions to five major U.S. banks. The resolutions request that the banks disclose their climate transition plans for meeting financed emissions...more

Latham & Watkins LLP

COP27: Overview and Key Takeaways

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Establishment of the loss and damage fund and development in Article 6 of the Paris Agreement were among the major developments in this year’s conference. On November 20, 2022, the 27th annual Conference of Parties...more

Latham & Watkins LLP

Updates From Week One of COP27: Article 6 Negotiations and US Announcements

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Extensive negotiations focused on finalizing the details of a “rulebook” for an international carbon market under Article 6 of the Paris Agreement. The 27th annual Conference of Parties (COP27) of the United Nations...more

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