News & Analysis as of

Cap-and-Trade Carbon Emissions

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - July 2024 #3

This week, we discuss the first settlement between a state and a group of young plaintiffs who claimed that their government’s inadequate climate policies violated their constitutional right to a healthy environment. We...more

Vedder Price

Get Ready! EU Emissions Trading System Expands to Cover Maritime Sector; Effective January 1, 2024

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Under the European Climate Law, European Union (EU) Member States are working collectively to reach net zero – cutting greenhouse gas emissions as close to zero as possible – by 2050. As a first milestone, the EU is aiming to...more

Cadwalader, Wickersham & Taft LLP

IOSCO Launches a Consultation on Compliance and Voluntary Carbon Markets Design

In November 2022, the International Organization of Securities Commissions (“IOSCO”) published two reports − one on Compliance Carbon Markets (“CCMs”) and one on Voluntary Carbon Markets (“VCMs”). IOSCO continues to seek...more

Manatt, Phelps & Phillips, LLP

California’s Independent Legislative Analyst Criticizes State’s New Climate Plan

The California Legislative Analyst’s Office (LAO) criticized the California Air Resources Board’s (CARB) recent and most sweeping revision of its Scoping Plan (Plan) to achieve legislatively mandated greenhouse gas (GHG)...more

Latham & Watkins LLP

CARB Adopts Final 2022 Scoping Plan

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The plan accelerates already ambitious climate goals for California and charts a course to carbon neutrality by 2045. On December 15, 2022, the California Air Resources Board (CARB) adopted its Final 2022 Scoping Plan...more

(ACOEL) | American College of Environmental...

Much Ado About Not Much: West Virginia v. EPA

Many have characterized West Virginia v. EPA as a decision depriving EPA of an important tool to address climate change under the Clean Air Act. The decision is better viewed as steering EPA away from a flawed regulatory...more

Davis Wright Tremaine LLP

Legislature v. Inslee… Again: New Washington Climate Laws Unsettled by Separation of Powers Disputes

On Monday, December 20, 2021, for the second time in three years, the Washington State Legislature sued Governor Inslee over his line-item vetoes related to climate change policy. ...more

Mintz - Energy & Sustainability Viewpoints

Pricing Overseas Carbon: The Rise of Border Adjustment Mechanisms on Both Sides of the Pond

In the past several months, lawmakers in both the United States and the European Union have introduced legislation to enact carbon border adjustment mechanisms (CBAMs) in their respective jurisdictions. Also known as a...more

Jones Day

The Climate Report | Third Quarter 2021

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Climate Change Regulatory Issues & Updates - European Climate Law Sets a Binding Objective of Climate Neutrality by 2050 - The recently adopted European Climate Law calls for the necessity to address "the growing...more

Foley Hoag LLP - Energy & Climate Counsel

TCI Update: Final Model Rule Addresses EJ, but Political Will May Be Lacking

On June 10, 2021, the Transportation Climate Initiative Program (TCI-P) states released a final model rule creating a regional cap-and-trade-program to reduce carbon emissions from the transportation sector. We wrote about...more

Ballard Spahr LLP

A Discussion on Environmental Commodities with Bill Flederbach, President and CEO at ClimeCo

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This episode is another in our Energy and Environment Review series, in which Ballard’s energy and environmental lawyers will address the energy evolution driven by climate change, renewable energy innovation,...more

(ACOEL) | American College of Environmental...

Critically Examining Environmental Justice Critiques of GHG Auction-Cap-and-Trade

The Biden Administration has pledged to put the nation on track to achieve carbon neutrality by 2050 and simultaneously to promote environmental justice. Both goals are achievable and, indeed, are complementary. Their...more

Latham & Watkins LLP

TCI Program Established to Reduce Carbon Emissions From Transportation

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The program will include a multi-jurisdictional cap-and-invest program and aims to address environmental justice and equity concerns. On December 21, 2020, the Governors of Massachusetts, Rhode Island, and Connecticut,...more

Orrick, Herrington & Sutcliffe LLP

CME Group to Launch a Global Emissions Offset Futures Contract

CME Group has announced plans to launch a carbon futures contract intended to offer a transparent, standardised and market-based solution to manage global emissions risk. ...more

Sheppard Mullin Richter & Hampton LLP

Nota Bene Episode 101: Catching up with Global Climate Regulation with Nico van Aelstyn

The Earth’s climate is changing. With unprecedented fires in California and the State’s litigation with the federal government, the Brazilian rainforest fires, and the aircraft industry’s inability to curb aircraft emissions,...more

Beveridge & Diamond PC

Wildfires Burn Carbon Offsets

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The Western United States is in the middle of one of the biggest wildfire seasons to date. Not only have these wildfires significantly impacted surrounding communities and ecosystems, but they have threatened carbon offset...more

Perkins Coie

Washington Supreme Court Invalidates Indirect Emitter Portions of the Clean Air Rule

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In a split decision issued on January 16, the Washington State Supreme Court ruled that the Department of Ecology (Ecology) lacks authority under the state’s Clean Air Act (the act) to cap greenhouse gas emissions from...more

(ACOEL) | American College of Environmental...

Someone Left the Cake Out in the Rain: The Dissolution of Cooperative Federalism in the Trump Era

The Trump Administration’s recent lawsuit against California’s climate change policies has cast a spotlight on a stark and troubling reality.  U.S. v. California is just the latest salvo in a sustained, direct assault by EPA...more

Blank Rome LLP

Pennsylvania Plans to Join the RGGI CO2 Cap-and-Trade Program

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At the outset of 2019, Pennsylvania Governor Tom Wolf set a goal for Pennsylvania to significantly reduce greenhouse gas emissions. Now, Governor Wolf plans to achieve that goal by taking the bold step to establish a carbon...more

White & Case LLP

Pennsylvania Joins the Regional Greenhouse Gas Initiative

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In a move that will have a significant impact on Pennsylvania's power producers, Governor Tom Wolf signed an executive order on October 3rd directing the state's Department of Environmental Protection (PADEP) to create...more

(ACOEL) | American College of Environmental...

CARB Continues Global Leadership Role on Climate with Adoption of Tropical Forest Standard

After nearly a decade of work, on September 19, 2019, the California Air Resources Board (CARB) endorsed its much anticipated Tropical Forest Standard (TFS). The TFS is a first-of-its-kind framework for assessing...more

Williams Mullen

Environmental Notes - June 2019

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If your company is planning to buy commercial or industrial real estate, it’s probably your standard practice to have a Phase I Environmental Site Assessment (“Phase I”) performed. When you do so, it’s important to ensure the...more

Tonkon Torp LLP

Thoughtful And Controlled Pollution: Oregon Likely Next In Line For Carbon Cap-And-Trade Program

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This year, Oregon lawmakers will likely pass an economy-wide cap-and-trade system to regulate greenhouse gas emissions, introduced as House Bill 2020, which would make Oregon the second state after California to adopt such a...more

Beveridge & Diamond PC

Carbon Markets Roundup

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Last year saw significant efforts to either impose a price on carbon or reform existing programs, and in some cases roll those programs back. The Paris Agreement advanced a critical step, but without settling on rules for...more

Jones Day

The Climate Report Winter 2019

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Climate Change Regulatory Issues & Updates - California Air Resources Board Amends Cap-and-Trade Regulations - On December 13, 2018, the California Air Resources Board ("CARB") adopted amendments to California's...more

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