Key Takeaways - As the federal government steps back from climate regulation, multiple states are expanding cap-and-trade or cap-and-invest programs to regulate greenhouse gas (GHG) emissions and tighten emissions caps....more
On 23 March 2026, the UK ETS Authority (the "Authority") launched a consultation on how sustainable aviation fuel ("SAF") should be treated within the UK Emissions Trading Scheme ("UK ETS"). The consultation seeks views on...more
On April 7, 2026, Regulation (EU) 2026/667 entered into force, amending the European Climate Law by introducing a legally binding target of a 90% net reduction in greenhouse gas emissions by 2040 (Article 1(2), inserting new...more
Designed as a cornerstone of the EU's climate strategy, the Carbon Border Adjustment Mechanism ("CBAM") aims to prevent carbon leakage by ensuring that imported goods (cement, iron and steel, aluminum, fertilizers,...more
Welcome to Edition 42 of P2N0 covering the drive to avoid, reduce and remove greenhouse gas (GHG) emissions to progress to net-zero GHG emissions (NZE)....more
Mexico continues to reinforce its climate policy framework through instruments designed to expand the domestic supply of carbon credits and support national emissions reduction targets....more
Welcome to Edition 41 of P2N0 covering the drive to avoid, reduce and remove greenhouse gas (GHG) emissions to progress to net-zero GHG emissions (NZE)....more
The 30th United Nations Climate Change Conference (COP30) ended on November 22, 2025. Among other things, the package of decisions reflected in the Belém Political Package brings renewed focus on scaling up climate finance...more
On February 10, 2026, EPPA, a Brussels-based regulatory and public affairs consultancy, will hold a webinar on “Shaping the ETS/CBAM Reforms: Strategic Insights for Energy-Intensive industries.” According to EPPA, as of 2026,...more
REGULATORY ISSUES & UPDATES - Latest Developments on the EU Taxonomy Regulation - As part of the broader "Omnibus" package for the simplification and revision of recent EU ESG rules, the European Commission has moved...more
The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2025 has been laid before the UK Parliament, accompanied by an explanatory memorandum. This follows the draft version laid in July. The...more
On 12 November 2025, Governor Shapiro signed into law a budget for fiscal year 2025-2026 (SB 160) and accompanying amendments to the Fiscal Code (HB 416) (collectively, the Budget Bill). The Budget Bill abrogates...more
On 5 November 2025, the European Council (Council) agreed its position on amending the European Climate Law (EU Climate Law) to introduce a binding, intermediate 2040 climate target of a 90% reduction in net greenhouse gas...more
AB 1207 and SB 840 create regulatory certainty and renew the market architecture of California’s approach to greenhouse gas emissions....more
On October 16 and 17, 2025, the Brazilian Federal Government took new steps toward implementing the Brazilian Greenhouse Gas Emissions Trading System (SBCE) and promoting carbon markets in Brazil. Decree No. 12,677/2025...more
The International Maritime Organization (IMO) Marine Environmental Protection Committee (MEPC) declined to formally adopt a mandatory greenhouse gas (GHG) reduction scheme for the shipping industry - known as the Net-Zero...more
Mexico is moving forward with efforts to curb greenhouse gas (GHG) emissions, even as the US backs away from such efforts. Mexico’s Emissions Trading System (ETS) is close to launch, and additional efforts will help to...more
The government confirmed plans to expand the scope of the UK ETS to further align with the EU ETS, following discussion on potential reintegration....more
The International Court of Justice (ICJ) at The Hague thrust itself into the energy/climate debate last week. Via a unanimous advisory opinion issued in connection with a complaint filed by the nation of Vanuatu, the ICJ...more
On 1 July 2025, the European Commission (Commission) released a call for evidence regarding the potential to extend the scope of the EU Carbon Border Adjustment Mechanism Regulation (CBAM) to cover certain downstream...more
On 19 May 2025, the UK and the EU announced plans to link the EU Emissions Trading System ("ETS") with the UK ETS. Concurrently, the European Commission is preparing for a review of the EU ETS slated for 2026 by launching a...more
The agreement promises to unlock market and investment opportunities and facilitate greater UK-EU collaboration....more
Trading in greenhouse gas (GHG) emissions and reductions has long been touted as a way of leveraging market forces to tackle climate change in the most cost-effective manner, and 2025 may put that theory to the test amid...more
On March 26, 2025, China’s Ministry of Ecology and Environment (the MEE) published the “Work Plan for the National Carbon Emissions Trading Market Covering the Steel, Cement, and Aluminum Smelting Industries” (the Work Plan)....more
EU Regulation 2023/956 on the Carbon Border Adjustment Mechanism (CBAM) was introduced to make sure importers of certain goods into the European Union bear similar carbon costs as if they were produced inside the EU and...more