News & Analysis as of

Carbon Capture and Sequestration Environmental Policies Paris Agreement

Paul Hastings LLP

COP 29: Parties at UN Climate Summit Agree on Standards to Launch Global Carbon Market

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In an effort to advance a global carbon market, the parties to COP 29 — the United Nations climate conference hosted by Azerbaijan this year — approved important standards for such a market to be developed under Article 6.4...more

Bracewell LLP

PRG Pulse 2024 Post-Election Analysis: Energy and Environmental Policy

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A second Trump administration is expected to prioritize “energy dominance,” focusing on expanding oil and gas, reducing regulations, and increasing drilling, especially with Republican-led committees in Congress likely...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

White & Case LLP

Post COP26: Developing and Funding Energy Transition Projects

White & Case LLP on

With an attendance of more than 190 world leaders, the long-awaited twenty-sixth Conference of the Parties (COP26) concluded with agreement on the Glasglow Climate Pact and the Paris Rulebook. Amid mixed views of whether...more

Bennett Jones LLP

Canada Opens Initial Consultations on New Carbon Pricing Mechanism

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On August 5, 2021, the Government of Canada announced its launch of an initial exploratory phase of consultations on border carbon adjustments (BCAs), along with the release of a discussion paper. These exploratory...more

Bennett Jones LLP

Alberta Plans to Introduce a Competitive Process for Carbon Sequestration Tenure

Bennett Jones LLP on

On May 12, 2021, the Government of Alberta issued a statement to announce that it will now be granting carbon sequestration rights through a competitive process. Carbon capture utilization and storage (CCUS) is a method where...more

Mayer Brown

Scaling Voluntary Carbon Markets: Taskforce Releases Core Carbon Principles and Roadmap

Mayer Brown on

Over 1,000 firms have made either indicative or concrete pledges to align their greenhouse gas emissions with the Paris Agreement—which means reducing emissions to zero by 2050....more

WilmerHale

The UK Committee on Climate Change Recommends 2050 “Net-Zero” Target

WilmerHale on

On 2 May 2019, the UK’s Committee on Climate Change (“CCC”) recommended that Parliament legislate, without delay, to reduce domestic greenhouse gas emissions to “net-zero” by 2050. The CCC is the UK Government’s chief climate...more

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