News & Analysis as of

Emissions Trading System

Greenhouse gas emissions trading schemes: A global perspective - The Global Future

by White & Case LLP on

Regional trading systems are expected to expand and increase their connections with one another - Carbon pricing and trading regimes are developing regionally in a bottom-up approach, rather than through a global top-down...more

Greenhouse gas emissions trading schemes: A global perspective: Japan

by White & Case LLP on

Tokyo Metropolitan Government's and Saitama Prefecture's schemes are connected as Japan considers a national scheme - Similar in some ways to regional emissions trading schemes in the US and Canada, Japan has locally...more

Greenhouse gas emissions trading schemes: A global perspective - European Union

by White & Case LLP on

The world's biggest trading scheme sees proposals intended to stabilize the market and links to Switzerland - The European Union Emissions Trading System (EU ETS) is the world's first and biggest international emissions...more

Greenhouse gas emissions trading schemes: A global perspective - UK

by White & Case LLP on

EU's trading scheme framework dominates, but Brexit brings uncertainty - As early as 2002, the UK began preparing for international emissions trading. It initiated a pilot emissions trading scheme (UK ETS) in anticipation...more

Greenhouse gas emissions trading schemes: A global perspective - Mexico

by White & Case LLP on

Implementation of a cap-and-trade program and compliance market is expected by 2021 - In 2012, Mexico enacted the General Law on Climate Change (GCCL), which required the creation of a national registry for greenhouse...more

China’s Pilot Programmes Welcome Announced Launch of Emissions Trading System

by Latham & Watkins LLP on

Chinese policymakers have indicated that the country’s Emissions Trading System (ETS) — which will be the largest system of its kind globally and the centerpiece of Chinese climate change policy — is likely to launch in...more

Non-compliance with carbon market rules could result in substantial penalties

by Dentons on

Ontario’s cap and trade program, which launched in January 2017, includes a number of rules regarding participation in the carbon market where emission allowances and offset credits are bought and sold. The stated purpose of...more

Airline emissions - what impact will the new global carbon offset and reduction scheme have on the current European Emissions...

by DLA Piper on

An agreement to curb the impact of commercial aviation on climate change has been struck by 191 states attending the 39th International Civil Aviation Organisation (ICAO) Assembly in Montreal. The Carbon Offset and Reduction...more

What is the Future of Emissions Trading?

by White & Case LLP on

The impact of increasing greenhouse gas ("GHG") emissions resulting from human activities has driven innovation in market-based solutions, technology development and international law. Approaching the twentieth anniversary of...more

How Will Brexit Impact Environmental and Energy Law?

by Latham & Watkins LLP on

Following the recent UK referendum result, attention is now turning to the legal implications for specific policy areas. While the overwhelming majority of the UK’s environmental legislation is derived from EU...more

The potential impact of Brexit on the EU Emission Trading System and future UK climate policy

by Reed Smith on

Through the referendum held on 23 June 2016, the United Kingdom voted to end its membership of the EU. Although the timeframe for withdrawal under Article 50 of the Lisbon Treaty limits the window for negotiations to two...more

Brexit Headline Checklist

by White & Case LLP on

This checklist is designed to set out some of the key questions which businesses will need to consider in their initial planning phase as they evaluate their existing structures and operations and the potential impact of...more

Shanghai Issues Draft of Revised Environmental Protection Regulations for Public Comment

by Latham & Watkins LLP on

The Shanghai Municipal People’s Congress has released the revised Shanghai Environmental Protection Regulations (in Chinese only) for public comment. The revised Regulations, which first came into force in 1997, apply...more

Maritime greenhouse gas emissions – update on the outcome of MEPC 69

by Reed Smith on

In our March alert on this subject, we looked ahead to the 69th meeting in London of the Marine Environmental Protection Committee (MEPC) of the International Maritime Organisation (IMO) (MEPC 69). MEPC 69 has now taken...more

Private Equity Goes Green

by Latham & Watkins LLP on

In December 2015, world leaders met to negotiate the Paris Agreement. Setting aside whether the Paris Agreement goes too far, not far enough or is just right, one cannot dispute that government commitments to limit an...more

EU to Fast-Track 2030 Climate and Energy Policy Post-COP 21

by Latham & Watkins LLP on

The Paris Agreement, adopted by 195 countries following the 21st session of the Conference of Parties (COP 21), is the first multilateral agreement on climate change that covers almost all of the world’s emissions. The Paris...more

China’s 13th Five-Year Plan – Planning for a Greener Economy

by Latham & Watkins LLP on

China’s 13th Five-Year Plan – Planning for a Greener Economy - Last month China’s thirteenth “Five-Year Plan” (FYP13) was approved, setting out a social and economic development blueprint for the country for the next...more

Changing Climate: What The Paris Accord Means For China

by WilmerHale on

In December 2015, nearly 200 countries reached a historic agreement in Paris to limit greenhouse gas emissions in hopes of curbing global warming. Law360's Expert Analysis special series looks at the impact the agreement will...more

China’s NDRC Issues New Carbon Trading Guidance

by Latham & Watkins LLP on

The National Development and Reform Commission (NDRC), China’s central economic planning agency, issued several guidance documents relating to the upcoming national Emissions Trading System (ETS) in January this year. The...more

Foley Hoag Climate Update: February 2016

by Foley Hoag LLP on

The Paris Outcome - After two weeks of intense negotiations at the Paris climate conference, 195 countries finally adopted the Paris Agreement and a Decision to limit “the increase in the global average temperature to...more

What Does COP-21 Mean for Business?

by Latham & Watkins LLP on

6 Answers From Around the Globe - The historic COP-21 Paris Agreement on climate change is the first major development in the climate area at the international level since adoption of the Kyoto Protocol in...more

The Paris Agreement: The Impact on the United States and the EU

by White & Case LLP on

This client alert describes the impact on the United States and the EU of the Paris Agreement (“Agreement”), which was the outcome of the 21st session of the Conference of the Parties (“COP 21”) under the United Nations...more

What to expect when you’re not expecting: Anticipating the outcome of the 2015 Paris Climate Change Conference

by Reed Smith on

The 21st Conference of the Parties (“COP”) to the United Nations Framework Convention on Climate Change (“UNFCCC”) meets in Paris at the end of this year to seek to achieve the vaulted ambition set by the Durban Platform of...more

Energy & Environment Update - September 2015 #4

ENERGY AND CLIMATE DEBATE - After a busy week with Yom Kippur and visits from Pope Francis and Chinese President Xi Jinping, Congress is focusing this week on finalizing a continuing resolution and preparing for new...more

The Clean Power Plan May Revive Interest in Nuclear Generation in Some Regions

by White & Case LLP on

The dim prospects for nuclear-generated power in the United States may have received a glimmer of light from the Environmental Protection Agency's Clean Power Plan (CPP). Nuclear industry representatives are encouraged by...more

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