In recent years, significantly higher electricity demands have been forecasted with the growth of large-load data centers, driven primarily by the development of artificial intelligence. The projected growth of data centers...more
The U.S. Securities and Exchange Commission has adopted much anticipated climate-related disclosure rules....more
As part of the 2022 French Climate & Resilience Law, the French legislature decided to strengthen the greening and solarization requirements on certain buildings and parking lots. These obligations came into force on January...more
The Situation: On January 17, 2024, mandatory biodiversity net gain ("BNG") regulations took effect, impacting most new developments in England. ...more
Recognising the threat of climate change and the importance of sustainable development, Singapore has made a commitment to establishing a robust framework of environmental and climate change laws and regulations – an...more
Following the lead of the European Union's taxonomy, Latin American and Caribbean ("LAC") countries are developing their own green taxonomies, seeking facilitation of capital flows toward sustainable activities and assets and...more
On September 20, 2023, the European Investment Bank (EIB) announced that it was developing a methodology to assess its clients’ exposure to nature-related impacts and risks. The EIB reinforced its commitment to address...more
In July 2023, the European Commission published its annual Strategic Foresight Report (the Report), focusing on how sustainability and people’s wellbeing can help to achieve President von der Leyen’s six priorities for the...more
On April 28, 2023, the European Commission and the European Investment Bank (EIB) announced their intention to jointly provide €18 billion in funding to finance projects covering climate action, clean energy and connectivity...more
On April 21, 2023 the European Commission approved a €401 million scheme proposed by the Czech Republic to promote green district heating from renewable energy and waste heat. The scheme represents another environmentally...more
Several members of the New York congressional delegation have written a letter urging Governor Kathy Hochul to amend her fiscal year 2024 budget to incorporate certain elements of the New York Build Public Renewables Act...more
In June 2022, the US Patent and Trademark Office (“USPTO”) launched the Climate Change Mitigation Pilot Program (the “Program”). This program was enacted to support President Biden’s January 27, 2021 Executive Order, which...more
On February 1, the European Commission (EC) launched its Green Deal Industrial Plan to “enhance the competitiveness of Europe’s net-zero industry and support the fast transition to climate neutrality.” According to the...more
Pittsburgh International Airport (PIT) reached a milestone in July when it took itself completely off the local power grid, establishing its own microgrid based on on-site natural gas wells, as well as solar power. In doing...more
On July 14, the European Commission announced a package of proposals it calls “Fit for 55,” which are designed to enable the European Union (EU) to meet its declared goals of reducing greenhouse gas emissions to 55 percent of...more
Clean energy initiatives and legislation continue to advance with unprecedented direction, momentum and clout in the federal government. President Joe Biden and Congressional Democrats remain fiercely committed to enacting...more
In a recent Lawflash, our colleagues Ken Kulak and Ariel Braunstein reported that at the Leaders Summit on Climate, hosted by the Biden-Harris administration on April 22 and 23 in Washington, DC, President Joseph Biden set...more
Today, Jennifer Granholm was confirmed as secretary of energy, winning US Senate approval by a 64–35 vote. Granholm’s confirmation serves as another boost to President Joe Biden’s plan to tackle climate change and develop...more
Earlier last week, the UK Government published its Policy Paper on the Ten Point Plan for a Green Industrial Revolution. The policy paper reiterates the commitment the Government made last week to turn the UK into the world’s...more
On 12 November 2020, the European Commission (EC) launched consultations on its initial plans to revise its 2014 Guidelines on State aid for environmental protection and energy (EEAG) and the corresponding provisions of the...more
Over the weekend, major news outlets announced that former Vice President Joe Biden will be the next president of the United States. Biden and his running mate, Vice Predident-elect Kamala Harris, pledged throughout the...more
On 8 July 2020, as part of the Paris Arbitration Week, Hogan Lovells hosted a webinar titled “Claims in Climate Change“, a topic which has attracted much attention and debate in the arbitration community over the past twenty...more
Introduction - On 8 April 2020 the European Commission published a consultation paper on its renewed sustainable finance strategy (the “Sustainability Strategy”). The Sustainability Strategy is a policy framework forming a...more
The European Commission took a significant step towards the decarbonisation of the European economy in December 2019 with its proposal of a "European Green Deal"....more
Financial services are a principal component of Hong Kong’s service-based economy, providing business and employment opportunities in many other sectors. As such, maintenance of the city’s position as one of the leading...more