News & Analysis as of

Greenhouse Gas Emissions Carbon Pricing

Akin Gump Strauss Hauer & Feld LLP

EU Commission Moves on CBAM Downstream Expansion and Exporter Compensation

In separate developments, the European Commission (the “Commission”) opened a public consultation on the extension of the Carbon Border Adjustment Mechanism (CBAM) to downstream products and on additional anti-circumvention...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

Baker Botts L.L.P.

P2N0 - Edition 24 - News and Views on the Drive Towards Net-Zero GHG Emissions

Baker Botts L.L.P. on

Welcome to Edition 24 of P2N0 covering the drive to reduce greenhouse gas (GHG) emissions to net-zero (NZE). Wishing you a belated Happy and Prosperous Year of the Snake. P2N0 identifies significant news items globally,...more

BCLP

COP29: What Can We Expect?

BCLP on

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

Holland & Knight LLP

Commodity Futures Trading Commission Finalizes Voluntary Carbon Market Standards

Holland & Knight LLP on

The Commodity Futures Trading Commission (CFTC) on Sept. 20, 2024, finalized guidance (the Final Guidance) regarding the listing of voluntary carbon credit (VCC) derivatives on CFTC‑regulated exchanges. The CFTC previously...more

Goldberg Segalla

Federal Agencies Join White House in Outlining Principles for Voluntary Carbon Markets

Goldberg Segalla on

On May 28, multiple federal agencies in conjunction with the White House published a Joint Policy Statement that laid out the principles for the further development of future, high-integrity voluntary carbon-credit markets....more

Quarles & Brady LLP

The SEC Issues Final Climate Disclosure Rules for Public Companies, but Legal Challenges are Pending

Quarles & Brady LLP on

On March 6, 2024, the Securities and Exchange Commission (SEC) finalized its long-awaited climate disclosure rules on a party-line 3-2 vote. The new rules have been significantly watered down from the SEC’s March 21, 2022...more

Foley Hoag LLP - Environmental Law

Update on RGGI in Pennsylvania

In 2022, Pennsylvania became the 12th member of the Regional Greenhouse Gas Initiative (“RGGI”). Pennsylvania joined RGGI pursuant to a 2019 executive order and a subsequent rulemaking promulgated by the state’s Department of...more

Mintz - Energy & Sustainability Viewpoints

SEC Approves Sweeping New Climate Disclosure Rule: Key Takeaways

The Securities & Exchange Commission ("SEC") issued its long-awaited final rule concerning climate disclosures, entitled “The Enhancement and Standardization of Climate-Related Disclosures for Investors” (“Climate Disclosure...more

Latham & Watkins LLP

UK Government Announces New Import Carbon Pricing Mechanism

Latham & Watkins LLP on

Goods imported into the UK from countries with a lower or no carbon price will face a levy by 2027. On 18 December 2023, the UK government announced a proposal for a new carbon border adjustment mechanism (UK CBAM)....more

Jones Day

The CFTC Proposes "Guidance" for Derivatives Markets on Listing Voluntary Carbon Credit Derivatives

Jones Day on

In Short - The Background: As voluntary carbon credits ("VCCs") have grown in popularity, questions about their integrity and quality have arisen for investors and among regulators and lawmakers. For this reason, many have...more

Jones Day

Transitioning Into the European Carbon Border Adjustment Mechanism

Jones Day on

As part of the Fit for 55 Package of the EU Green Deal, the EU Carbon Border Adjustment Mechanism("CBAM"), adopted through Regulation (EU) 2023/956 of May 10, 2023, is considered by the EU institutions as a key tool to become...more

J.S. Held

Canada’s Oil and Gas Emissions Cap: Options for the ECCC Proposal

J.S. Held on

Options to cap and cut emissions from the Canadian oil and gas sector were proposed by Environment and Climate Change Canada (ECCC) in July 2022. Reducing oil and gas sector emissions is necessary for Canada to achieve its...more

Jones Day

Evolution of EU Carbon Legislation

Jones Day on

On December 13, 2022, the European Parliament and the Council of the EU reached a provisional agreement on the implementation of the EU Carbon Adjustment Mechanism ("CBAM"), the mechanism designed to complement the European...more

Blake, Cassels & Graydon LLP

Alberta Increases Cost of TIER Fund Credits to C$50

On December 1, 2021, the Alberta Minister of Environment and Parks issued Ministerial Order 87/2021 confirming the cost to obtain Technology, Innovation and Emissions Reduction Fund (Fund) credits under the Technology,...more

Foley Hoag LLP - Environmental Law

FERC Cannot Avoid the Social Cost of Carbon By Arguing That It is Not Universally Accepted

On August 3, the District of Columbia Court of Appeals held that FERC could not avoid use of the social cost of carbon in assessing the impacts of natural gas projects by arguing that “there is no universally accepted...more

Foley Hoag LLP - Environmental Law

At What Level of Government Are We Going to Regulate Climate Change? (Hint — It Is a Global Problem.)

Last week, Judge Yvonne Gonzalez Rogers ruled that the Berkeley ordinance essentially banning use of natural gas in new construction was not preempted by the Energy Policy and Conservation Act. I’m not here to opine on the...more

MoFo Life Sciences

UK’S New Emissions Trading Scheme Hosts First Auctions

MoFo Life Sciences on

On January 1, 2021, the UK launched its very own emissions trading scheme (the “UK ETS”) exercising its autonomy since departing the EU. Under this scheme, companies operating in certain sectors can trade emission allowances...more

Dickinson Wright

Reference re Greenhouse Gas Pollution Pricing Act – Supreme Court of Canada Rules Carbon Pricing Constitutional

Dickinson Wright on

Introduction - On March 25, 2021, the Supreme Court of Canada (the “SCC”) released its decision in Reference re Greenhouse Gas Pollution Pricing Act, upholding the constitutionality of a federal law establishing minimum...more

Blake, Cassels & Graydon LLP

Répercussions de la constitutionnalité de la Loi sur la tarification de la pollution causée par les gaz à effet de serre

Dans le Renvoi relatif à la Loi sur la tarification de la pollution causée par les gaz à effet de serre (l’« arrêt »), une majorité de juges de la Cour suprême du Canada (la « CSC ») a déclaré que la Loi sur la tarification...more

(ACOEL) | American College of Environmental...

Canada Given Green Light to Carbon Pricing: Why the Supreme Court of Canada’s Decision Should Matter to Those South of Our...

On March 25, 2021, the Supreme Court of Canada upheld the Greenhouse Gas Pollution Pricing Act (“GGPPA”), which establishes a national pricing benchmark for greenhouse gas (“GHG”) emissions. Reference re Greenhouse Gas...more

Blake, Cassels & Graydon LLP

Now That the Greenhouse Gas Pollution Pricing Act Has Been Determined to be Constitutionally Valid – What Does it All Mean?

In Reference re Greenhouse Gas Pollution Pricing Act (Decision), a majority of the Supreme Court of Canada (SCC) declared that the federal Greenhouse Gas Pollution Pricing Act (Act) is constitutional. This Bulletin discusses...more

Blake, Cassels & Graydon LLP

Le gouvernement fédéral publie un projet de règlement sur les crédits compensatoires de gaz à effet de serre

Le 6 mars 2021, le gouvernement du Canada a publié le projet de Règlement sur le régime canadien de crédits compensatoires concernant les gaz à effet de serre (le « Règlement »). Ce dernier fait actuellement l’objet d’une...more

Blake, Cassels & Graydon LLP

Canada Issues Proposed Federal Greenhouse Gas (GHG) Offset Regulations

On March 6, 2021, Canada published the Greenhouse Gas Offset Credit System Regulations (Canada) (Offset Regulations). The Offset Regulations are subject to public input and comment for 60 days until May 5, 2021, with final...more

BCLP

Carbon pricing in the UK/Europe: ETS and CORSIA developments

BCLP on

Operators in the aviation sector and the ‘stationary sectors’ (power generation, energy intensive industries, etc.) should note that the environmental regulatory framework for carbon pricing and emissions trading in the...more

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