News & Analysis as of

Energy Sector Climate Change Carbon Emissions

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

Foley Hoag LLP - Environmental Law

RGGI Third Program Review Concludes: New Model Rule and Strengthened Emission Caps Unveiled Amid Federal Scrutiny

Earlier this month, the Regional Greenhouse Gas Initiative (RGGI) announced the completion of the RGGI Third Program Review, which resulted in several major changes to the RGGI Model Rule that will shape the program through...more

Beveridge & Diamond PC

RGGI Third Program Review Significantly Strengthens GHG Targets, Expands Cost Containment Reserve, Eliminates Offsets, and Makes...

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On July 3, 2025, the Regional Greenhouse Gas Initiative (RGGI) completed and released its Third Program Review and an updated CO2 Budget Trading Program Model Rule. RGGI evaluated numerous scenarios during the multi-year...more

Hogan Lovells

ESG Market Alert UK – July 2025

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In our latest round-up of developments in ESG for UK clients, we cover the following topics: UK Government issues new guidance for environmental impact assessments for oil and gas projects The Bank of England issues...more

Latham & Watkins LLP

New Verra Methodology Aims to Create Carbon Credits Through Accelerated Retirement of Coal-Fired Power Plants

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The methodology outlines a three-step approach for obtaining credits: retirement of coal-fired power plants, generation of replacement renewable electricity, and assurance of a just transition....more

Mintz

Climate Lawsuit Against German Energy Company Dismissed by Court

Mintz on

Last week, a long-running lawsuit brought against a major German energy company by a Peruvian farmer for alleged damages stemming from climate change was dismissed by an appellate court in Germany. The court's reasoning...more

DLA Piper

Horizon - ESG Regulatory News and Trends - June 2025

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EPA announces details of its reorganization. On May 2, the EPA announced a major reorganization that will eliminate several key offices, including the Office of Atmospheric Protection (OAP), Office of Air Quality Planning and...more

Hogan Lovells

The first blooms of spring and a new coalition agreement in Germany Spring fever for the infrastructure and energy sectors?

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In sync with the German cherry blossom, the new coalition of CDU/CSU (conservative) and SPD (social democrats) published their coalition agreement on 9 April 2025. Following the formal approval of the agreement by the parties...more

K&L Gates LLP

Carbon Quarterly – Volume 11

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Carbon Quarterly is a newsletter covering developments in carbon policy, law, and innovation. No matter your views on climate change policy, there is no avoiding an increasing focus on carbon regulation, resiliency planning,...more

Vinson & Elkins LLP

More Watts Less Carbon; The Challenges of Innovating To Accommodate the Energy Demands of Data Centre Projects Without...

Vinson & Elkins LLP on

This article explores how legal frameworks, procurement strategies, and engineering practices must evolve to address this clash, drawing lessons from sectors such as aviation and offshore wind. It argues that standard...more

Baker Botts L.L.P.

P2N0 - Edition 29 - News and Views on the Drive Towards Net-Zero GHG Emissions

Baker Botts L.L.P. on

Welcome to Edition 29 of P2N0 covering the drive to avoid, reduce and remove greenhouse gas (GHG) emissions to reach net-zero emissions (NZE). P2N0 covers significant news items globally, reporting on them in short form,...more

Baker Botts L.L.P.

P2N0 - Edition 28 - News and Views on the Drive Towards Net-Zero GHG Emissions

Baker Botts L.L.P. on

Welcome to Edition 28 of P2N0 covering the drive to avoid, reduce and remove greenhouse gas (GHG) emissions to reach net-zero emissions (NZE). P2N0 covers significant news items globally, reporting on them in short form,...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, V 9, Issue 3, March 2025

Welcome to our third issue of Currents 2025. Again, thank you for reading! Power Plays and Fueling Tension: Trade War Ripples Through North American Energy Markets - President Trump's pursuit of U.S. energy dominance,...more

Holland & Knight LLP

EPA Announces Deregulatory Initiative to "Power the Great American Comeback"

Holland & Knight LLP on

U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin announced on March 12, 2025, that EPA will undertake 31 distinct actions in an effort to advance President Donald Trump's Day One executive orders (EOs) to...more

A&O Shearman

EC consultation on commodity derivatives market

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The European Commission has published a targeted consultation document on a review of the functioning of commodity derivatives markets (including for these purposes emissions allowances) and certain aspects relating to spot...more

WilmerHale

The EU's Clean Industrial Deal: What Companies and Investors Need to Know

WilmerHale on

On February 26, 2025, the European Commission (the Commission) presented the Clean Industrial Deal (the Deal), an industrial strategy bringing together climate, circularity, and competitiveness. In order to foster growth and...more

Baker Botts L.L.P.

The Future of Energy Storage: Challenges and Innovations

Baker Botts L.L.P. on

Columbia Business School has published an interesting report on the future of energy storage. Just two decades ago, batteries were widely believed to be destined for use only in small objects like laptops and watches. But...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Solar Battery Storage: U.S. Energy Information Administration Report Indicates it Will Lead 2025 United States Generating Capacity...

The United States Energy Information Administration (“EIA”) issued a February 24th report titled: Solar, Battery Storage to Lead New U.S. Generating Capacity Additions in 2025 (“Report”)....more

BCLP

Green Hydrogen: Opening of the Tendering Procedure for Financial Aid

BCLP on

The hydrogen industry is starting 2025 on a brighter note after what has been described by the industry as a “blank year”. Since 2021, France has planned to give a financial aid to selected producers of renewable and...more

Hogan Lovells

Energy Buzz: UK ETS Evolution

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Extended Phase II – The UK ETS Authority consults on a variety of extension proposals Inter-Phase Banking – Surplus allowances from Phase I could be carried into Phase II of the extended scheme The UK Emissions Trading...more

Latham & Watkins LLP

EPA Grants West Virginia Primacy for Class VI Wells

Latham & Watkins LLP on

This grant of authority could accelerate the permitting process for carbon capture and storage projects in the state. On February 18, 2025, the US Environmental Protection Agency (EPA) approved a final rule granting West...more

A&O Shearman

Greenhouse Gas Emissions Trading Scheme (Amendment) (No. 2) Order 2025

A&O Shearman on

The Greenhouse Gas Emissions Trading Scheme (Amendment) (No. 2) Order 2025 (SI 2025/124) has been published, alongside an explanatory memorandum. It was made on 5 February and comes into force on 31 March. The instrument...more

Cozen O'Connor

Minnesota’s Win Turns Up the Heat in Climate Change Litigation

Cozen O'Connor on

Minnesota AG Keith Ellison has obtained an order denying in large part motions to dismiss filed by defendants ExxonMobil Corp., the American Petroleum Institute, Koch Industries, Inc., Flint Hills Resources LP, and Flint...more

Baker Botts L.L.P.

Japan's Bold Green Leap

Baker Botts L.L.P. on

Japan is targeting a 73% emissions cut by 2040, with renewables at 50% of its energy mix despite calls for even more ambition. One way Japan is accelerating this renewable energy transition is by investing $1.5 billion into...more

Akin Gump Strauss Hauer & Feld LLP

Putting America First in International Environmental Agreements (Trump EO Tracker)

The United States Ambassador to the United Nations shall immediately withdraw from the Paris Agreement under the United Nations Framework Convention on Climate Change. The Secretaries of State and Commerce and heads of other...more

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