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Carbon Emissions Carbon Off-Set Credits Climate Change

A&O Shearman

EU 2040 climate target and carbon credits—what’s changing?

A&O Shearman on

Today, the European Commission proposed an amendment to the EU Climate Law reviewing the 2040 climate targets that first enshrined climate neutrality by 2050—and with it, a structural shift in how climate action will be...more

DLA Piper

Washington Voters Save The State’s Cap-and-Invest Program: What Comes Next?

DLA Piper on

Washington State’s ambitious Cap-and-Invest Program was on the ballot this November. The program is designed to reduce planet-warming greenhouse gases (GHG) in the state by requiring large-emitting businesses to purchase...more

White & Case LLP

Voluntary carbon markets: will carbon credits soon become a crucial way to decarbonise?

White & Case LLP on

Purchasing carbon credits was once seen as a way for companies to sidestep genuine emissions reduction in their decarbonisation efforts. But that is changing as these products, and the way they are used, face growing...more

K&L Gates LLP

ESG—Australia - Carbon Offsets: Australian Regulatory Framework

K&L Gates LLP on

Taylor Swift’s “Eras Tour” was one of the highest grossing music tours of all time with approximate proceeds exceeding US$1 billion. While this is a monumental feat, Taylor Swift also gained negative attention during the tour...more

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - June 2024 #3

In this week’s edition, our focus remains on carbon credits where the first ever set of “Core Carbon Principles”-labelled carbon credits were approved. The three European supervisory authorities publish their final reports on...more

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - June 2024 #2

In this week’s edition, we discuss the U.S. government’s proposed guidelines for the ever-controversial voluntary carbon markets. In the EU, ESMA published a report of its findings on greenwashing in the marketing materials...more

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - April 2024 #4

In this week’s edition, we discuss the European Parliament’s approval of a certification framework that is set to govern carbon removal activities, including the proper certification of carbon credits. Europe continues to...more

Cadwalader, Wickersham & Taft LLP

Australian Government Seeks Input on Implementation of Carbon Credit Scheme

In August 2023, the Australian Department of Climate Change, Energy, the Environment and Water (DCCEEW) solicited feedback on proposed amendments to the Australian Carbon Credit Unit (ACCU) Scheme. This is the third step in...more

ArentFox Schiff

Rise in VCM Business May Trigger CFTC Oversight on Sales of Carbon Offset Credits

ArentFox Schiff on

Many major companies have announced a blueprint to minimize their carbon footprint. Some companies have gone so far as to proclaim that they will achieve “net zero” emissions in the near future. To accomplish their climate...more

Cadwalader, Wickersham & Taft LLP

IOSCO Launches a Consultation on Compliance and Voluntary Carbon Markets Design

In November 2022, the International Organization of Securities Commissions (“IOSCO”) published two reports − one on Compliance Carbon Markets (“CCMs”) and one on Voluntary Carbon Markets (“VCMs”). IOSCO continues to seek...more

Cadwalader, Wickersham & Taft LLP

Australian Carbon Market and Safeguard Mechanism Reform

A recently published independent review of Australia’s carbon credit units (ACCU) scheme, commissioned by the Australian government, has found that the ACCU scheme is “essentially sound,” but provides 16 recommendations to...more

Perkins Coie

COP27: Four Takeaways for Business Leaders

Perkins Coie on

The 27th United Nations Climate Change Conference of the Parties (COP27) was held in Sharm el-Sheikh, Egypt, in November 2020. While much was discussed, there are four takeaways that may be of greatest interest to business...more

Cooley LLP

Is buying a carbon offset like buying a medieval indulgence?

Cooley LLP on

At a recent meeting of the SEC’s Investor Advisory Committee discussing the SEC’s climate disclosure proposal, a speaker in charge of ESG investing at an asset manager raised the possible risk that companies, faced with a...more

Cadwalader, Wickersham & Taft LLP

CFTC Considers Greater Regulation of Carbon Offset Markets

On June 2, 2022, the Commodity Futures Trading Commission (“CFTC”) convened for the first time market participants to discuss the state and the challenges of the U.S. voluntary carbon credit (“VCC”) markets and, at the end of...more

A&O Shearman

Abu Dhabi Global Market to Launch World’s First Voluntary Carbon Credit Exchange

A&O Shearman on

As discussed in Shearman & Sterling’s previous Energy & Infrastructure Insight, there is significant pressure on companies and governments to reduce their carbon emissions, not only driven by mandatory regimes but also...more

Akin Gump Strauss Hauer & Feld LLP

Senate’s Passage of Growing Climate Solutions Act Highlights Focus on Sustainable Agriculture

The U.S. Senate recently passed the bipartisan Growing Climate Solutions Act (Act) by a 92-8 vote to help American farmers, ranchers and private forest owners adopt, and ultimately profit from, activities that reduce or...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - June 2019

Supreme Court Sides with Property Owners; Companies have No Right to Get Natural Gas Without Permission - "The Supreme Court said, 'A mineral owner or lessee has an implicit right to use the overlying surface to access...more

K&L Gates LLP

EU votes in favour of temporarily withholding the sale of 900 million EU allowances from the EU carbon scheme

K&L Gates LLP on

On July 3, 2013 the members of the European Parliament voted 344-311 in favour of a one-off intervention in the market to withhold the sale of 900 million EU allowances over the next few years (with the intent to return them...more

Sheppard Mullin Richter & Hampton LLP

EU Carbon Trading System Wins Parliament's Support

On Wednesday, the European Parliament approved a proposal to delay the issue of 900 million emissions allowances (each representing the right to emit one metric ton of carbon dioxide or greenhouse gas equivalent, or CO2e)....more

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