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Baker Botts L.L.P.

P2N0 - Edition 34 - News and Views on the Drive Towards Net-Zero GHG Emissions

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Welcome to Edition 34 of P2N0 covering the drive to avoid, reduce and remove greenhouse gas (GHG) emissions to progress to net-zero GHG emissions (NZE). P2N0 covers significant news items globally, reporting on them in short...more

Ropes & Gray LLP

Building the Environmental Omnibus – the European Commission’s July 22 Call for Evidence

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Earlier in the week, we posted that the European Commission would soon be launching an environmental call for evidence, as a step towards the introduction of an environmental omnibus simplification proposal. That call for...more

Mayer Brown

Tax Law Highlights | Taxation of Carbon Credits After the Consumption Tax Reform

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AT A GLANCE - Law 15,042/24 (the “Consumption Tax Reform”) was a milestone for the regulation of Brazil's carbon market. It established the regulated market called the Brazilian Emissions Trading System (SBCE), recognized...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

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

Carbon Accounting Tool: American Biogas Council Announces Launch

The American Biogas Council (“ABC”) announced on March 3rd its launch of its Biogas Carbon Accounting Tool (“Tool”). The stated goal of the Tool is to: …provide this science-based tool to any entity generating...more

Jones Day

SBTi Releases Draft Revision of Corporate Net-Zero Standard

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The Science Based Targets initiative (SBTi) has released a 132-page draft revision of the Corporate Net-Zero Standard (Version 2.0). Key proposed changes include...more

Jones Day

The Climate Report | First Quarter 2025

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New Carbon Removal Certification Framework in Europe - A voluntary certification framework adopted by the EU aims to enhance the credibility and transparency of carbon removal activities within the EU to support its...more

Paul Hastings LLP

EU Omnibus: Adjustments to the Carbon Border Adjustment Mechanism — What Do They Mean for Businesses?

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European Central Bank President Mario Draghi’s report The Future of European Competitiveness highlights the need for a regulatory environment that enhances Europe’s competitiveness and resilience. Similarly, the Budapest...more

Jones Day

The ICVCM and REDD+ Standards: Implications for Voluntary Carbon Markets

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REDD+ stands for Reducing Emissions from Deforestation and Forest Degradation, with the "+" representing the additional focus on conservation, sustainable management, and forest carbon stock enhancement. Originally formalized...more

Jones Day

New Carbon Removal Certification Framework in Europe

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On November 27, 2024, the European Union ("EU") adopted Regulation (EU) 2024/3012 establishing a Union certification framework for permanent carbon removals, carbon farming, and carbon storage in products (the "Carbon Removal...more

WilmerHale

The EU Omnibus Package: Reshaping ESG and Sustainability Regulations

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On 26 February 2025, the European Commission (EC) unveiled a series of proposals (the Omnibus package) that could have far-reaching implications for corporate sustainability and environmental regulations....more

Hogan Lovells

The EPC reformation in England and Wales – changes on the horizon

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From 4 December 2024 to 26 February 2025, the Ministry of Housing, Communities and Local Government and the Department for Energy Security and Net Zero ran a consultation seeking views on the reform of the Energy Performance...more

Harris Beach Murtha PLLC

NYC Large Building Owners May Owe Compliance Reports by May 1, 2025

New York Local Law 97 (“LL97”) is a landmark piece of climate legislation enacted as part of New York City’s broader Climate Mobilization Act. Passed in 2019, LL97 aims to drastically reduce greenhouse gas emissions from...more

Mayer Brown

Offices: Repurpose or Retrofit – Where Are We Today?

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The office market was thrown into turmoil in the post-pandemic shift towards flexible working. Businesses battled with uncertainty over the future of the workplace and whether big glossy office spaces would become obsolete in...more

Latham & Watkins LLP

Omnibus Package Released: EU Commission Proposes Amendments to Sustainability Obligations

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The Commission’s proposal seeks to reshape EU Sustainability requirements by amending CSRD, CSDDD, EU Taxonomy, and CBAM. On 26 February 2025, the European Commission (Commission) published its much-anticipated first...more

Kilpatrick

New York Introduces Climate Disclosure Legislation Signaling Growing Trend of State-Level Climate Regulation

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In late January 2025, the New York legislature introduced Senate Bills 3456 and 3697, signaling the state’s ongoing commitment to climate-related corporate accountability. These bills build on prior legislative attempts,...more

Mayer Brown

California’s Climate Disclosure Laws: Navigating the Latest Updates

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In late 2023, California enacted “first-of-its-kind” climate-related disclosure laws comprising the following: Climate Corporate Data Accountability Act (California Senate Bill 253 (SB253)) – relating to greenhouse gas...more

BCLP

SAF: Is Sustainable Aviation Fuel About to Take Off?

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Speaking on 29th January 2025, Chancellor Rachel Reeves announced the Government’s commitment to modernising UK airspace and the transition to greener aviation through the use of Sustainable Aviation Fuel. Described by Reeves...more

A&O Shearman

Carbon fraud is on the rise—but so is the regulatory counteroffensive

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At COP29 in Baku, new rules were adopted for carbon markets under Article 6 of the Paris Agreement. These rules are meant to increase the transparency of the country-to-country trading of carbon credits under Article 6.2....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

Akin Gump Strauss Hauer & Feld LLP

The EU Grand Plan to Cut Red Tape

On February 26, the European Commission released a series of key proposals and communications to reshape the European Union’s (EU) regulatory framework. Alongside the overall framework communication Clean Industrial Deal, the...more

A&O Shearman

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

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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

K&L Gates LLP

January 2025 ESG Policy Update—Australia

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Australian - Update Mandatory Climate-Related Financial Disclosures Come Into Effect - The first phase of the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 (Cth) (Bill) commenced on...more

Baker Botts L.L.P.

Japan's Bold Green Leap

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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

Blake, Cassels & Graydon LLP

Captage et stockage géologique du dioxyde de carbone direct de l’air : publication de l’avant-projet de protocole fédéral de...

En janvier 2025, Environnement et Changement climatique Canada (« ECCC ») a publié l’avant-projet de protocole fédéral de crédits compensatoires (le « Protocole ») en lien avec le captage et le stockage géologique du dioxyde...more

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