News & Analysis as of

Carbon Emissions Greenhouse Gas Emissions Paris Agreement

ArentFox Schiff

How the ICJ Climate Change Advisory Opinion Raises Global Legal and Compliance Risks for Multinational Corporations

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The climate debate has whipsawed in recent years. Businesses frequently have been caught in the middle, with stakeholders including government regulators, activist investors, consumers, non-governmental organizations, and...more

Jones Day

ICJ Issues Advisory Opinion on States' Legal Obligations Regarding Climate Change

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The International Court of Justice ("ICJ") stated that States have legal obligations to regulate emissions and may be held internationally responsible for climate inaction—including the failure to effectively regulate...more

White & Case LLP

EU Paves Way for International Carbon Credits in 2040 Climate Target

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On 2 July 2025, the European Commission introduced its 2040 climate target of reducing greenhouse gas (GHG) emissions by 90% compared to 1990 levels. One of the key features of this strategy is the possibility to introduce...more

Carey Olsen

Renewable Energies guide Bermuda (Legal 500)

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This chapter provides information about the current issues affecting renewable energy in Bermuda and addresses topics such as key regulators, government incentive schemes, key contracts, foreign investment, COP26 as well as...more

DLA Piper

All Eyes on Carbon Markets Amid Belated Progress and Domestic Challenges

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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

DLA Piper

Horizon ESG Regulatory News and Trends - January 2025

DLA Piper on

US exits Paris Agreement after submitting Nationally Determined Contributions. In mid-December, the Biden Administration announced it submitted the US target under the Paris Agreement: cutting net carbon emissions by 61 to 66...more

Morgan Lewis

Executive Order Withdraws United States from International Climate Commitments and Finance Initiatives

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On January 20, US President Trump issued an executive order, “Putting America First in International Environmental Agreements,” withdrawing the United States from the Paris Agreement and other climate-related financial...more

White & Case LLP

US Withdrawal from the Paris Agreement: Impact and Next Steps - 2025 Update

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Citing potential economic damage and unfair burdens, President Trump signed an Executive Order that starts the process of withdrawing the United States from the Paris Agreement. The Paris Agreement is an international...more

Paul Hastings LLP

Dutch Appeal Court Overturns Emissions Reduction Targets on Shell

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On April 5th, 2019, environmental activist group Milieudefensie (Friends of the Earth) Netherlands and co-plaintiffs served Shell a court summons alleging Shell’s contributions to climate change violated its duty of care...more

Hogan Lovells

Key issues at stake in the International Court of Justice climate change case

Hogan Lovells on

An island nation has brought a landmark climate change case at the International Court of Justice (ICJ). This represents a pivotal moment in international law and environmental governance. The case, initiated through a UN...more

Morgan Lewis

COP29: Pathway to a Global Carbon Market

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The Conference of the Parties (COP), the decision-making body responsible for monitoring and reviewing the implementation of the United Nations Framework Convention on Climate Change (UNFCCC), has just wrapped up its meetings...more

Mayer Brown

Key Outcomes of COP-29 and Expectations for COP-30

Mayer Brown on

The 29th Session of the UN Conference of the Parties to the UN Framework Convention on Climate Change (COP-29) concluded on November 22, and COP-30 is now in sight. In this Legal Update, we discuss some of the key results of...more

White & Case LLP

COP 29: a global carbon market in the making

White & Case LLP on

The 29th Conference of the Parties to the United Nations Framework Convention on Climate Change ('UNFCCC') ('COP29') adopted decisions on Article 6 of the Paris Agreement. After nearly a decade of negotiations, the outcome of...more

Mayer Brown

COP-29: Progress in the Operationalization of the International Carbon Credit Market

Mayer Brown on

On November 11, 2024, one of the first substantive outcomes of the 29th Session of the UN Conference of the Parties to the UN Framework Convention on Climate Change (COP29) was approved. The President of COP19 introduced a...more

McDermott Will & Schulte

COP29 Week One: Conference Is Told “Parties Must Remember That the Clock Is Ticking” as They Struggle To Make Progress on How To...

McDermott Will & Schulte on

The previous annual finance goal (the New Collective Quantified Goal (NCGC)) of $100 billion expires this year. However, wealthy countries only met the pledge in full starting in 2022. Negotiation teams are working on draft...more

McDermott Will & Schulte

COP29 Day Three: Progress Is Made Toward Tripling Nuclear Capacity by 2050 as Cracks Appear Within Funding Models

McDermott Will & Schulte on

Day three of the 29th Annual United Nations Climate Change Conference COP29 saw the end of the first part of the high-level segment for heads of state and other global leaders in Baku as well as the announcement of...more

McDermott Will & Schulte

COP29 Day Two: The US Continues to “Work Together With Global Partners To Be Successful in Outcomes That Keep 1.5 Alive”

McDermott Will & Schulte on

Day two of the 29th Annual United Nations Climate Change Conference (COP29) saw the US Special Presidential Envoy for Climate make its first post-election statements in Baku....more

Paul Hastings LLP

COP 29: Parties at UN Climate Summit Agree on Standards to Launch Global Carbon Market

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In an effort to advance a global carbon market, the parties to COP 29 — the United Nations climate conference hosted by Azerbaijan this year — approved important standards for such a market to be developed under Article 6.4...more

IR Global

Towards Sustainable Future: ESG Reporting in the UAE and Saudi Arabia

IR Global on

Thomas Paoletti, Managing Partner at Paoletti Law Group, provides expert opinion on ESG in the Middle East – the current situation and what still needs to be done to work towards a more sustainable future....more

Morgan Lewis

Article 6 of the Paris Agreement and Its Impact on Investments in Clean Cookstoves

Morgan Lewis on

The “rulebook” for the technical and operational aspects of Article 6 of the Paris Agreement, which facilitates countries engaging in projects that reduce greenhouse gas emissions and selling the associated carbon credits to...more

Bennett Jones LLP

BC Output-Based Pricing System for Carbon Emissions

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On April 1, 2024, the new Output-Based Pricing System (OBPS) will come into force under the Budget Measures Implementation Act, 2023 (Budget 2023).  The OBPS is a new British Columbia (BC) emissions pricing system (although...more

Seward & Kissel LLP

The European Union Emissions Trading System is on the horizon for the maritime transportation sector

Seward & Kissel LLP on

The European Union Emissions Trading System (EU ETS) is coming into effect for the maritime transportation sector on January 1, 2024. Here’s what that means. Background - The EU ETS launched in 2005 and on May 10, 2023...more

King & Spalding

COP28: Key Takeaways for the Energy Industry

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COP28, the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change, came to an end in Dubai on December 13, 2023. The nearly 200 states reached what has been labelled a “historic” agreement...more

Akin Gump Strauss Hauer & Feld LLP

COP28 - December 11, 2023 Recap

COP28 - December 11, 2023 Recap - The COP28 Presidency released the draft text of the global stocktake (GST), the agreement that will establish a path for nations to meet Paris Agreement targets, as the COP28 conference...more

Latham & Watkins LLP

Long-Awaited Guidelines From Article 6.4 Published Ahead of COP28

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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

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