The first global stocktake, Article 6, carbon markets, new finance pledges, and the loss and damage fund formed the major developments at this year’s conference. Between November 30 and December 12, 2023, Dubai hosted the...more
The Supervisory Body published the Methodology Guidance and the Removal Guidance to be presented for discussion in COP28. After two years of discussion, the Supervisory Body (SB) responsible for determining the...more
The 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC) has commenced this week in Dubai, United Arab Emirates (UAE), and will run through December 12, 2023. The UAE is...more
Article 6.4 of the Paris Agreement to the United Nations Framework Convention on Climate Change ("UNFCCC") provides a structure for a carbon credit market on which greenhouse gas ("GHG") emission reductions or removals may be...more
Article 6.2 of the Paris Agreement that was approved by the 21st session of the Conference of the Parties to the United Nations Framework Convention on Climate Change ("UNFCCC") provides a framework for countries to transfer...more
Establishment of the loss and damage fund and development in Article 6 of the Paris Agreement were among the major developments in this year’s conference. On November 20, 2022, the 27th annual Conference of Parties...more
Extensive negotiations focused on finalizing the details of a “rulebook” for an international carbon market under Article 6 of the Paris Agreement. The 27th annual Conference of Parties (COP27) of the United Nations...more
Due to increasing droughts, wildfires, flooding, and more severe storms, most of the scientific community and political leaders around the world agree that climate change is a real and significant threat facing this planet...more
From November 6 to November 18 of this year, climate leaders will convene in Sharm el Sheikh, Egypt, for the United Nations Framework Convention on Climate Change’s (UNFCCC) 27th Conference of the Parties (COP 27). COP 27...more
Greenhouse gas emissions reduction or removal credit transactions allow governments, companies or individuals to purchase credits that are often referred to as "carbon credits" in an effort to mitigate climate change by...more
As climate change and energy transition play an increasingly important role in the decision-making of private and government entities, one issue is bound to become the focus of attention: Is there a potential conflict between...more
Each year since 1995, with the exception of 2020, the United Nations Framework Convention on Climate Change (UNFCCC) has hosted a Conference of Parties (COP), where members of the UNFCCC negotiate issues relating to reducing...more
The Glasgow conference was praised as a huge step forward in tackling climate change, but also drew criticism for not going far enough. Between 31 October and 12 November 2021, Glasgow hosted the 26th annual Conference...more
Reflecting back on the 26th meeting of the Conference of the Parties to the U.N. Framework Convention on Climate Change (UNFCCC), or “COP26,” it may well become known as the “Pledge and Commitment COP.” Governments,...more
As the delegates of the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) (COP26) return from two hard weeks in Glasgow, significant progress has been made on establishing...more
This briefing brings together, in a single easy-to-navigate directory, the statements, declarations and announcements made by governments and organizations during COP26. COP26 was the 26th Conference of the Parties to the...more
World leaders and delegates are meeting in Glasgow for the next round of climate change negotiations at the twenty sixth Conference of the Parties ("COP26") being held from 31 October to 12 November, following a year-long...more
On Monday morning, as world leaders arrived in Glasgow for the first day of the 26th Conference of the Parties, the Biden-Harris administration announced a series of new actions to address the climate crisis at home and...more
This U.N. Climate Summit is the most anticipated since Paris six years ago. The private sector is playing a heightened role in driving the momentum for shaping the agenda and likely outcomes. Once again, lasting impact is...more
The Paris Agreement approved by the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change ("UNFCCC") aims to (i) hold the increase in the global average temperature to well below 2 °C...more
The 'Taskforce on Scaling Voluntary Carbon Markets' (the "Taskforce") is a private sector initiative working to scale an effective and efficient voluntary carbon credit market to help meet the goals of the Paris Agreement. ...more
Key Points - President Biden signed an Executive Order to rejoin the Paris Agreement on Day One of his administration. - This action underscores that climate change is one of President Biden’s highest priorities and...more
Among the numerous Executive Orders that President-Elect Biden has indicated he will issue during his opening few days as President is an Order that will reverse President Trump’s withdrawal from the Paris Climate Accords....more
The International Chamber of Commerce (“ICC”) has just released its Report on “Resolving Climate Change Disputes through Arbitration” (the “Report”). The long-awaited Report is the result of almost two years of work by the...more
A little over a week ago, the Trump administration finally documented President Trump’s previously stated intention to withdraw United States support from the Paris climate change agreement in an official notice delivered to...more