News & Analysis as of July 24, 2025

Climate Change

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

Science-Based Targets In Law Are More Important Than Ever

Wenning Environmental on 6/25/2025

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

Luxury and ESG: Navigating the New EU Legal Landscape in the Fashion and Luxury Goods Industry

White & Case LLP on 9/3/2024

Due to the increased importance of sustainability, environmental protection and social factors in recent years, the luxury industry has found itself at a crossroads of tradition and transformation. Once characterized...more

Europe Daily News, 21 March 2024

Mayer Brown on 3/22/2024

COMPETITION - Illumina-Grail Merger: AG Emiliou proposes to set aside the General Court judgment and annul Commission decisions on referral request (See CPR No.56/2024 - Advocate General’s Opinion in Joined Cases C-611/22...more

Europe Daily News, 19 March 2024

Mayer Brown on 3/19/2024

COMPETITION - Non-opposition to a notified concentration (Case M.11409 - Elia / Glentra / Energyre / Energyre Giga Projects USA) - Non-opposition to a notified concentration (Case M.11475 - Mitsui / Osaka Gas / RWE KK /...more

Sustainable Business Group Urges EU to Cut GHG Emissions 90% by 2040

Cadwalader, Wickersham & Taft LLP on 10/31/2023

On September 5, 2023, the Corporate Leaders Group Europe (CLG Europe) published a position paper urging the European Union to cut its greenhouse gas (GHG) emissions by at least 90% by 2040, and asked EU member states to...more

European Commission Launches Consultation on EU Climate Targets for 2040

Cadwalader, Wickersham & Taft LLP on 5/8/2023

The European Commission has launched a public consultation and a call for evidence seeking opinions on the EU’s intermediary climate targets for 2040. This is a scheduled step in the EU’s ambition to reach net-zero emissions...more

Regulation: EU Reaches Agreement on Carbon Border Tax

Cadwalader, Wickersham & Taft LLP on 1/3/2023

Environmental regulators and ministers from across the EU member states provisionally approved the introduction of the world’s first major carbon border tax, the Carbon Border Adjustment Mechanism (CBAM), which will require...more

France Regulates the Use of Carbon Neutrality Claims in Advertisements

Jones Day on 5/24/2022

As part of its legislative arsenal to combat climate change, France adopted the Climate and Resilience Law on August 22, 2021 ("Climate Law"), providing for a large number of binding measures against greenhouse gas ("GHG")...more

European Commission Awards Grants to Seven Large-Scale Projects Under the Innovation Fund

Jones Day on 5/24/2022

On March 10, 2022, the European Commission ("the Commission") adopted a decision on the award of grants under the Innovation Fund ("the Fund"). A total of seven projects obtained a grant after a first call for large-scale...more

New Guidelines on State Aid for Climate, Environmental Protection, and Energy in the European Union

Jones Day on 2/28/2022

On January 27, 2022, the European Commission ("Commission") adopted the Guidelines on State Aid for Climate, Environmental Protection, and Energy 2022 ("CEEAG"). They replace the Guidelines on State Aid for Environmental...more

EU Taxonomy Regulation: What To expect

Morrison & Foerster LLP on 3/31/2021

Our previous Client Alert of 10 March 2021 discussed the Sustainable Finance Disclosure Regulation (SFDR) and its implications for the real economy. This Client Alert reviews how EU Regulation 2020/852 on the...more

Green Bonds: Standard Deviation

Morrison & Foerster LLP on 3/8/2021

We break down the key differences between the ICMA Green Bond Principles and the proposed EU Green Bond Standard in the infographic below...more

Climate Change Provisions of the EU-UK Trade and Cooperation Agreement

Jones Day on 3/3/2021

The Trade and Cooperation Agreement ("TCA"), which was finalized on December 24, 2020, resets the European Union/United Kingdom relationship following the UK's departure from the EU. In place of the UK's participation in the...more

Private Fund Managers Should Prepare for New ESG-Related Regulatory Obligations

Skadden, Arps, Slate, Meagher & Flom LLP on 9/15/2020

The list of events for which 2020 will be remembered continues to grow and we are only two thirds of the way through the year. Environmental, social and governance (ESG) issues have come into focus in the financial community,...more

Overview of the European Sustainability Taxonomy Regulation

Cadwalader, Wickersham & Taft LLP on 4/23/2020

Introduction - On 15 April 2020, the Council of the European Union published a press release stating that it had reached political agreement on the regulation on the establishment of an EU-wide framework designed to...more

Financial Regulatory Observer - December 2019: ESG investing: The sharpening teeth of disclosure

White & Case LLP on 12/23/2019

How to stay ahead of the curve, minimize future costs of compliance and feed the growing demand from investors for responsible products and services - Environmental, social and governance (ESG) investing is accelerating...more

How Will Brexit Impact Environmental and Energy Law?

Latham & Watkins LLP on 7/21/2016

Following the recent UK referendum result, attention is now turning to the legal implications for specific policy areas. While the overwhelming majority of the UK’s environmental legislation is derived from EU...more

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