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Environmental Policies Paris Agreement Greenhouse Gas Emissions

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

Goldberg Segalla

What in the World?! ICJ Issues Landmark Opinion on Climate Change

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In a unanimous decision on July 23, 2025, the fifteen judges on the United Nations’ International Court of Justice (“ICJ”), also known as the “World Court,” concluded that the production and consumption of fossil fuels “may...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

Wenning Environmental

Science-Based Targets In Law Are More Important Than Ever

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Science-based targets (SBTs) rely on scientific facts to achieve specific conditions or outcomes. SBTs reflect the best available science and set goals intended to prevent human activities from harming the environment....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

Akin Gump Strauss Hauer & Feld LLP

U.S. Submits Withdrawal from the Paris Agreement: Potential Implications?

The Withdrawal - The United States’ Acting Ambassador to the United Nations (U.N.) submitted a notification of withdrawal from the Paris Agreement on January 27, 2025, which is set to become effective one year after...more

DLA Piper

Horizon ESG Regulatory News and Trends - January 2025

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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

Mayer Brown

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

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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

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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

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...

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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

Bracewell LLP

PRG Pulse 2024 Post-Election Analysis: Energy and Environmental Policy

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A second Trump administration is expected to prioritize “energy dominance,” focusing on expanding oil and gas, reducing regulations, and increasing drilling, especially with Republican-led committees in Congress likely...more

BCLP

COP29: What Can We Expect?

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The 29th Conference of the Parties (“COP29”) of the UN Framework Convention on Climate Change (“UNFCC”) is set to take place in Baku, Azerbaijan, from 11 to 22 November 2024. This is the first in a series of posts BCLP’s...more

White & Case LLP

Roadmap to COP29 – what is new for carbon markets?

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The 29th Conference of the Parties to the United Nations Framework Convention on Climate Change ('COP29') may offer opportunities for key stakeholders to foster international cooperation on using market-based cooperative...more

White & Case LLP

Further groundwork for Article 6 Paris Agreement laid at Bonn Climate Change Conference

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The Bonn Climate Change Conference saw limited progress resolving open issues related to Article 6 of the Paris Agreement, which aims to incentivize international cooperation in mitigating climate change through carbon credit...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

Latham & Watkins LLP

COP28: Key Takeaways From the Annual Climate Conference in Dubai

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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

Cadwalader, Wickersham & Taft LLP

UN Environment Programme Report Calls for Disclosure Standards for Non-State Actors

On October 26, 2023, the UN Environment Programme (UNEP) published a report with recommendations for linking climate-related actions taken by non-state actors (NSAs) to the Enhanced Transparency Framework (ETF) established by...more

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