The Withdrawal - The United States’ Acting Ambassador to the United Nations (U.N.) submitted a notification of withdrawal from the Paris Agreement on January 27, 2025, which is set to become effective one year after...more
Recognising the threat of climate change and the importance of sustainable development, Singapore has made a commitment to establishing a robust framework of environmental and climate change laws and regulations – an...more
According to the 2022 World Energy Outlook of the International Energy Agency, the industry sector generates 45 percent of the total direct emission from end-users and it will be extremely difficult to reach net zero without...more
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
On April 18, 2023, the Institutional Investors Group on Climate Change (IIGCC) published a “Net Zero Standard for Oil & Gas.” Development of the Standard follows a two-year collaborative process led by IIGCC with support from...more
The Net Zero transition will not be smooth. The scale of the investment required and the appetite and ability of countries to implement new policy – both now and in the years to come – will cause unprecedented disruption and...more
Environmental advocacy group As You Sow has sent climate-focused shareholder resolutions to five major U.S. banks. The resolutions request that the banks disclose their climate transition plans for meeting financed emissions...more
The High Court of England and Wales (the “High Court”) recently ruled1 that the U.K. government’s Net Zero Strategy (NZS) breached the detail and reporting requirements of the Climate Change Act 2008 (“CCA 2008”). In this...more
The Need for a Unified Carbon Credit Market - Industries which cannot easily decarbonize would love to be able to claim reductions in net greenhouse gas (GHG) emissions by “offsetting”—creating or buying carbon credits....more
In our previous post, we highlighted a number of global goals and campaigns aimed at addressing climate change. In this post, we examine climate change-oriented policies and initiatives that are being adopted by many...more
In recent weeks, there has been a lot written about the COP26 United Nations Annual Climate Change Conference, which was held in Glasgow, Scotland between October 31 and November 13, 2021. The central goal of the COP26...more
The strategy sets out plans to reduce emissions from key sectors of the UK economy to ensure that the UK remains on track for net zero by 2050. On 19 October 2021, the UK government published its climate change strategy,...more
The major policy differences between President Trump and Former Vice President Joe Biden on regulations governing energy and the environment could have major impacts on the energy transition. Former Vice President Biden, if...more
The Court of Appeal returned a ruling on 27 February 2020 that the UK government's policy statement which included the government's approval of the Heathrow expansion was unlawful because it did not consider the impact of the...more
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