In this week’s edition of Cadwalader Climate, we discuss the EU’s final approval of the long-awaited – and highly debated – Nature Restoration Law. Staying on theme, we discuss the European Council’s agreement to adopt...more
Following the lead of the European Union's taxonomy, Latin American and Caribbean ("LAC") countries are developing their own green taxonomies, seeking facilitation of capital flows toward sustainable activities and assets and...more
On September 20, 2023, the European Investment Bank (EIB) announced that it was developing a methodology to assess its clients’ exposure to nature-related impacts and risks. The EIB reinforced its commitment to address...more
In July 2023, the European Commission published its annual Strategic Foresight Report (the Report), focusing on how sustainability and people’s wellbeing can help to achieve President von der Leyen’s six priorities for the...more
On April 28, 2023, the European Commission and the European Investment Bank (EIB) announced their intention to jointly provide €18 billion in funding to finance projects covering climate action, clean energy and connectivity...more
On April 21, 2023 the European Commission approved a €401 million scheme proposed by the Czech Republic to promote green district heating from renewable energy and waste heat. The scheme represents another environmentally...more
ANTITRUST AND COMPETITION - The European Commission Releases the Article 102 TFEU Package to Ensure Greater Legal Certainty on Exclusionary Abuses of Dominance - Article 102 of the Treaty on the Functioning of the European...more
On February 1, the European Commission (EC) launched its Green Deal Industrial Plan to “enhance the competitiveness of Europe’s net-zero industry and support the fast transition to climate neutrality.” According to the...more
On July 14, the European Commission announced a package of proposals it calls “Fit for 55,” which are designed to enable the European Union (EU) to meet its declared goals of reducing greenhouse gas emissions to 55 percent of...more
With the goal to deploy the full potential of the newly approved National Recovery and Resilience Plan (the “PNRR”), on 28 May 2021, the Italian Government approved the Law Decree no. 77 of 31 May 2021, so called...more
The amount of money invested in Environmental, Social and Governance (ESG) funds has increased exponentially in the past year, and as banks and investors increasingly turn their attention to ESG factors, companies are also...more
On April 27, 2021, the Italian Parliament, in both Chambers, Representative and Senate, approved the National Recovery and Resilience Plan. Now the Government shall submit within April 30th the Plan to the European Commission...more
On 12 November 2020, the European Commission (EC) launched consultations on its initial plans to revise its 2014 Guidelines on State aid for environmental protection and energy (EEAG) and the corresponding provisions of the...more
The use of hydrogen as a cleaner alternative to fossil fuel in the transportation sector, as well as for industrial use, has been under discussion for some time, but its potential was very much put in the spotlight recently....more
On 11 December 2019, the European Commission (Commission) unveiled the European Green Deal (Green Deal), an ambitious environmental and climate set of policy proposals aiming to achieve carbon neutrality in Europe by 2050....more
Introduction - On 8 April 2020 the European Commission published a consultation paper on its renewed sustainable finance strategy (the “Sustainability Strategy”). The Sustainability Strategy is a policy framework forming a...more
In January, the EU launched itself into the new decade with the unveiling of its Green Deal: an extensive plan of ambitious climate targets and reforms culminating in a carbon neutral Europe by 2050. There have been debates...more
The European Commission took a significant step towards the decarbonisation of the European economy in December 2019 with its proposal of a "European Green Deal"....more
What is green finance? Achieving sustainable development is going to require huge financial investment. According to the European Commission, Europe alone has to close a yearly investment gap of almost €180 billion to...more