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Climate Change Due Diligence for Real Estate Acquisitions

By 2050 rising sea levels will exacerbate episodic storm surges and inundate an estimated 87,000 square kilometers (21.5 million acres) of coastal areas worldwide, exposing $1.7 trillion of real estate to catastrophic damage....more

New York State Establishes GHG Emission Caps Under the Climate Leadership and Community Protection Act

The State of New York is continuing to implement the New York Climate Leadership and Community Protection Act (CLCPA), which set a December 31, 2020 deadline for the promulgation of statewide greenhouse gas (GHG) emission...more

New York State Is Moving Forward to Implement the Climate Leadership and Community Protection Act

The State of New York is mobilizing to implement the economy-wide greenhouse gas (“GHG”) emission reductions required by the New York Climate Leadership and Community Protection Act (“CLCPA”). This landmark statute, which...more

Addressing Climate Change in Due Diligence for Real Estate Transactions

Climate change is expected to have a significant impact on existing real estate. According to a government assessment, by 2050 up to $106 billion of United States real estate will be below sea level....more

New York State Climate Leadership and Community Protection Act

On June 20, 2019, the New York State legislature enacted the Climate Leadership and Community Protection Act.  Governor Andrew Cuomo is expected to sign the bill into law....more

Addressing Climate Change in Due Diligence for Corporate Transactions

The gravity of the problem of climate change is rapidly coming into focus. On November 23, 2018 thirteen federal agencies under the leadership of the National Oceanic and Atmospheric Administration, including among others the...more

Addressing Climate Change in Due Diligence for Real Estate Transactions

On November 23, 2018, the United States government released Volume II of its Fourth National Climate Assessment. The report assesses the effects of the expected rise in sea levels resulting from global climate change,...more

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