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Climate Change European Union Energy Sector

Eversheds Sutherland (US) LLP

Global ESG Insights - May 2024

Welcome to the latest edition of our monthly ESG Insights providing you with a summary of the key developments from around the world. Global - IFRS Foundation releases jurisdictional adoption guide for ISSB Standards- On...more

BCLP

Significant Implications for Environmental Assessment of Major Projects

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The Supreme Court’s judgment in R(Finch) v Surrey County Council [2024] UKSC 20 has potentially significant implications on how environmental impacts of major projects are assessed. The question at the heart of the case was...more

Skadden, Arps, Slate, Meagher & Flom LLP

Insights Special Edition: Women’s History Month

Celebrating Women’s History Month, we present a special edition of our quarterly Insights publication, highlighting the talent and insights of women at Skadden. The issue spotlights their authorship on such topics as the...more

Mayer Brown

Europe Daily News, 21 March 2024

Mayer Brown on

COMPETITION - Illumina-Grail Merger: AG Emiliou proposes to set aside the General Court judgment and annul Commission decisions on referral request (See CPR No.56/2024 - Advocate General’s Opinion in Joined Cases C-611/22...more

Foley Hoag LLP - Energy & Climate Counsel

EU Advances First-in-Kind Carbon Removal Certification Framework

On February 20, 2024, the European Union (EU) announced a provisional political agreement to establish an EU-wide framework for voluntary certification of carbon dioxide removal (CDR) projects. This announcement, which marks...more

Mayer Brown

Europe Daily News, 15 March 2024

Mayer Brown on

COMPETITION - Prior notification of a concentration (Case M.11426 - Platinum Equity / Kohler Energy) - Non-opposition to a notified concentration (Case M.11458 - MEIF7 / Infracapital / LMI)...more

A&O Shearman

State support mechanisms: learning from the past to accelerate the future

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Government backing is critical to tilt markets in favour of green energy. But to incentivise the innovation required, we have to reflect on past failures. In his 2021 book How to Avoid a Climate Disaster, Bill Gates coined...more

A&O Shearman

10 lessons in sustainability regulation

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Creating an effective regulatory framework will be critical to deliver Net Zero. But does that mean more – or less – regulation? From trade agreements to taxonomies, carbon adjustment mechanisms to corporate sustainability...more

Akin Gump Strauss Hauer & Feld LLP

This Week’s Climate Policy Update - January 2024 #2

Good morning! This is Akin’s newsletter on climate change policy and regulatory developments, providing information on major climate policy headlines from the past two weeks and forthcoming climate-related events and...more

A&O Shearman

Carbon capture and storage – challenges and potential in the Gulf Cooperation Council

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Carbon capture and storage is increasingly being put forward as a key part of reaching Net Zero. As the technology, regulation and market strategies evolve and new projects are commissioned around the world, Joe Clinton and...more

K&L Gates LLP

November 2023 ESG Policy Update – Australia

K&L Gates LLP on

Australian Update - Draft Reporting Standards for Australian Climate-Related Disclosures - As previously reported by K&L Gates, the Australian Accounting Standards Board released its exposure draft of the Australian...more

J.S. Held

Green Deal or No Green Deal: Navigating Europe’s Renewable Energy Goals

J.S. Held on

Whilst the United Kingdom (UK) no longer forms part of the European Union (EU), it remains part of Europe and still adopts common policies that were previously put in place. In fact, the UK energy sector is synonymous with...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

Latham & Watkins LLP

European RED III Seeks to Promote the Use of Green Hydrogen

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Renewable fuels of non-biological origin would play an expanded role in satisfying EU decarbonisation targets. The European Council has formally endorsed the proposed amendments to Directive (EU) 2018/2001 on the...more

White & Case LLP

(Carbon) Contracts for Difference – New Funding Program for Companies

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Germany has finally published draft guidance on the long-awaited (Carbon) Contracts for Difference (or "CfD"). The first CfDs, previously announced in the European1 and German National2 Hydrogen Strategies of 2020, are...more

Latham & Watkins LLP

EU Seeks to Supercharge Sustainable Battery Investment

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The EU has implemented a range of measures to promote the sustainability and competitiveness of the battery value chain. Batteries play a crucial role across key sectors of the global economy and society, helping to...more

Latham & Watkins LLP

European Commission Proposes Net Zero Industry Act and Critical Raw Materials Act

Latham & Watkins LLP on

The proposals form part of the Green Deal Industrial Plan and aim to scale up technology and materials for the energy transition. On 16 March 2023, the European Commission (Commission) formally proposed two legislative...more

White & Case LLP

The EU Agreement on a Carbon Border Adjustment Mechanism

White & Case LLP on

On December 13, 2022, the Council of the European Union ("the Council") and European Parliament came to a provisional agreement on the final text of a Carbon Border Adjustment Mechanism ("CBAM") regulation. The compromise...more

Hogan Lovells

Delegated Acts of the European Commission concerning renewable fuels and assessing GHG emission savings

Hogan Lovells on

Already for a while the European Commission was expected to adopt delegated acts on the basis of the so-called Renewable Energy Directive II (“RED II”) which determine specific criteria in relation to renewable transport...more

Latham & Watkins LLP

European Commission Releases Communication on the Green Deal Industrial Plan

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The Plan aims to “simplify, accelerate and align incentives to preserve the competitiveness and attractiveness of the EU as an investment location for the net-zero industry”. On 1 February 2023, the European Commission...more

Akin Gump Strauss Hauer & Feld LLP

This Week’s Climate Policy Update - January #4

To further the Biden-Harris administration’s goal of deploying 30 gigawatts of offshore wind in the U.S. by 2030, the National Offshore Wind Research and Development Consortium issued its supply chain roadmap. Meanwhile, the...more

Foley Hoag LLP - Environmental Law

Another Day Older and Deeper in (Carbon) Debt

The International Energy Agency has released its 2022 Coal analysis and forecast. It is sobering. By the time 2022 is over, world-wide coal consumption will have exceeded 8 billons tonnes for the first time. In other words,...more

A&O Shearman

Incentivising Investment in European Renewable Hydrogen Production

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The high production costs of renewable hydrogen (RH2) limit its ability to compete with alternative non-renewable fuels and technologies. This is exacerbated by a number of market failures (including failure of carbon pricing...more

Flaster Greenberg PC

Did Putin Sabotage His Own Pipeline? Perhaps He's Not the only Irrational Political Leader

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Blasts were heard at the Nord Stream 1 pipeline last week, and damage to the pipeline itself was detected underwater shortly thereafter. Russian sources indicated that the damage would further delay the delivery of natural...more

White & Case LLP

Energy Transition and the Modernized Energy Charter Treaty

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In June 2022, the Contracting Parties to the Energy Charter Treaty ("ECT") announced an agreement in principle on the text of a modernized treaty. This modernization may have material consequences for state regulation and...more

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