Denmark’s unprecedented carbon removals fund has facilitated the coexistence of corporate and national carbon claims in carbon accounting.
In the past few years, stakeholders in the carbon market have debated how to...more
6/20/2024
/ Carbon Capture and Sequestration ,
Carbon Emissions ,
Climate Change ,
Corporate Governance ,
Denmark ,
Disclosure Requirements ,
Energy Projects ,
Market Participants ,
Paris Agreement ,
Subsidies ,
Sustainability ,
Sustainable Business Practices
The Tribunal confirmed that States party to UNCLOS must take measures to prevent marine pollution caused by climate change, on top of their obligations under the Paris Agreement.
On 9 April 2024, the International...more
5/30/2024
/ Advisory Opinions ,
Climate Change ,
EU ,
European Court of Human Rights ,
Greenhouse Gas Emissions ,
International Court of Justice (ICJ) ,
Mandatory Requirements ,
Maritime Transport ,
Paris Agreement ,
Tribunals ,
United Nations ,
United Nations Convention on the Law of the Sea (UNCLOS)
The Eligibility List sets out the approved host countries, carbon crediting programmes, and methodologies that meet the established Eligibility Criteria in Singapore.
On 19 December 2023, the Ministry of Sustainability...more
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
12/28/2023
/ Climate Change ,
COP ,
Dubai ,
Energy Market ,
Energy Sector ,
Environmental Policies ,
Greenhouse Gas Emissions ,
Oil & Gas ,
Paris Agreement ,
Renewable Energy ,
UNFCCC ,
United Nations
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
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
12/9/2022
/ Africa ,
Asia ,
Carbon Emissions ,
Climate Change ,
COP ,
Environmental Policies ,
Forestry ,
Funding ,
Greenhouse Gas Emissions ,
John Kerry ,
Paris Agreement ,
Saudi Arabia ,
Sustainability ,
UNFCCC ,
United Nations
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
11/17/2022
/ Biden Administration ,
Carbon Emissions ,
Climate Change ,
COP ,
Energy Sector ,
Environmental Policies ,
Greenhouse Gas Emissions ,
John Kerry ,
Methane ,
Paris Agreement ,
Renewable Energy ,
UNFCCC ,
United Nations
The Claims Code seeks to ensure the integrity of voluntary carbon markets to support achievement of the Paris Agreement goals.
The Voluntary Carbon Markets Integrity (VCMI) Initiative is “a multi-stakeholder platform to...more
Market participants can expect the initiative’s proposals to offer guidance on setting targets for emissions reduction and decarbonisation.
On 12 January 2021, the Science Based Targets initiative (SBTi) published its...more
The Glasgow conference was praised as a huge step forward in tackling climate change, but also drew criticism for not going far enough.
Between 31 October and 12 November 2021, Glasgow hosted the 26th annual Conference...more
The strategy sets out plans to reduce emissions from key sectors of the UK economy to ensure that the UK remains on track for net zero by 2050.
On 19 October 2021, the UK government published its climate change strategy,...more
10/25/2021
/ Carbon Emissions ,
Climate Change ,
Energy Sector ,
Environmental Policies ,
Fuel Supply ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Natural Resources ,
Net Zero ,
Paris Agreement ,
Real Estate Development ,
Transportation Industry ,
UK
For market participants pivoting toward ESG and digital assets, weighing the issues at the crossroads of these two megatrends is critical.
The huge rise in popularity of Bitcoin - and the growing interest by mainstream...more
4/13/2021
/ AML/CFT ,
Blockchain ,
Climate Change ,
Corporate Governance ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Environmental Social & Governance (ESG) ,
Paris Agreement ,
Popular ,
Risk Management
At the 19th National Congress of the Chinese Communist Party, President Xi Jinping asserted his country’s emerging leadership in environmental stewardship and pledged to build a “beautiful China”. In his speech to the 2,300...more
On 8 July 2017, the G20 summit in Hamburg issued a Climate and Energy Action Plan for Growth (the Plan). The Plan reaffirms the commitment of the countries (excluding the United States (US) — which announced its intended...more
On June 1, 2017, President Trump announced during a speech at the White House that the United States will withdraw from the Paris Agreement, fulfilling a campaign pledge to end the agreement that the President argued would...more
The European Commission has recently published plans to integrate sustainability considerations into decisions made by investors within the EU. More specifically, the EU is looking to spell out in legislation, that the...more
Spain is leading the fight against climate change with a proposed new Climate Change and Energy Transition Law.
The Spanish government regards climate change as one of the greatest challenges facing the country. ...more
Last year, 86 % of the 24.5 GW of new generating capacity installed in the EU came from renewable energy sources, specifically from wind, solar, biomass and hydro, breaking the previous record of 79% in 2014. This new water...more
Climate change has become a key concern for China in recent years, as evidenced by its pledge to reduce carbon emissions per unit of GDP by 60% from 2015 levels by 2030. As we have previously written, it has also become a...more
The year ahead presents a series of challenges and opportunities for the development of environmental law across Europe. Notably, the Paris Agreement came into effect on 4 November 2016 and is now binding upon the signatory...more
1/18/2017
/ Climate Change ,
Energy Efficiency ,
Environmental Policies ,
EU ,
France ,
Germany ,
Italy ,
Paris Agreement ,
Spain ,
UK Brexit ,
Winter Package
The Vice-President of the European Investment Bank, Jonathan Taylor called for “a renewed effort from the world’s financial institutions to make the Paris Agreement a reality” at the COP 22 Conference, held last month in...more
The Paris Climate Agreement (Agreement) officially enters into force today, 30 days after it was ratified by at least 55 Parties to the Convention, representing at least an estimated 55% per cent of the total global...more
Prior to the G20 Leaders’ Summit on 4 September, China and the US ratified the Paris Climate Agreement during a ceremony in Hangzhou, China. This commitment from the world’s largest carbon dioxide emitters is expected to...more
Now in its eleventh year, The G20 Summit heads to the city of Hangzhou, China – the first time a G20 summit has been held for heads of state in China. As this years’ destination, China is maximising its role as the host...more
At the China-US Climate-Smart / Low Carbon Cities Summit held in Beijing on June 7 and 8, 2016 the world’s two largest carbon dioxide emitters announced expanded co-operation in their efforts to counter climate...more