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COP 29: a global carbon market in the making

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

Voluntary carbon markets: will carbon credits soon become a crucial way to decarbonise?

Purchasing carbon credits was once seen as a way for companies to sidestep genuine emissions reduction in their decarbonisation efforts. But that is changing as these products, and the way they are used, face growing...more

Roadmap to COP29 – what is new for carbon markets?

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

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

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

US EPA lists two PFAS aka “forever chemicals” as Hazardous Substances under CERCLA

On April 19, 2024, the US Environmental Protection Agency (“US EPA”) announced its final rule designating two per- and polyfluoroalkyl substances (“PFAS”), namely perfluorooctanoic acid (“PFOA”) and perfluorooctanesulfonic...more

EPA finalizes greenhouse gas emission limits for fossil fuel power plants

EPA requires existing coal-fired power plants that plan to operate beyond 2039 and large new gas-fired power plants to achieve 90% reductions in GHG emissions by 2032....more

EPA Finalizes New Vehicle Emission Limits for CO2 and Other Pollutants

The new emission limits apply to new passenger cars, light trucks and large pickups and vans, and set increasingly stringent fleet-wide emission limits covering carbon dioxide and other pollutants for Model Years 2027-2032....more

EPA Proposes New Greenhouse Gas Emission Limits for Fossil Fuel Power Plants

The proposed new greenhouse gas (GHG) emissions control requirements would apply to existing and new power plants, with an emphasis on more efficient generating practices, including carbon capture and sequestration (CCS) and...more

4 Things Businesses Need to Know About COP26

The Paris Agreement approved by the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change ("UNFCCC") aims to (i) hold the increase in the global average temperature to well below 2 °C...more

At Earth Day Summit, Biden Commits United States to Ambitious Goal of Cutting Emissions by Half by 2030 as the European Union...

Over April 22nd and 23rd, the Biden administration hosted 40 world leaders in a climate summit coinciding with Earth Day. The leaders announced a variety of pledges and ambitions relating to curbing greenhouse gas emissions...more

Poseidon Principles Report Highlights Sustainability Reporting Focus in Global Marine Finance

The Poseidon Principles Association, a group of major marine shipping banks, released its first Annual Disclosure Report in December 2020. This report discloses the "climate alignment score" of fifteen banks' ship finance...more

Coalition of Northeastern States Announces Cap for Transport Sector CO2 Emissions

Three states and the District of Columbia reached agreement on December 21 to combat climate change by reducing carbon dioxide emissions from the transportation sector via a cap-and-invest system. Massachusetts, Rhode...more

Ahead of the pack: US M&A 2019: Sustainability is an increasing focus for global M&A

Dealmakers are placing more emphasis on sustainability in the context of their investment practices. This is occurring despite a lack of US federal regulation on companies' sustainability reporting. ...more

Proposed Revisions to Equator Principles Released for Review

The Equator Principles Association (EPA) has released the much-awaited draft text of Equator Principles 4 (EP4). Further consultation of the draft text will be coordinated by the EPA in July and August, and it is anticipated...more

Offshore wind projects: Assessing the environmental impact: United States

As the offshore wind industry begins to take off, environmental impacts remain key concerns - The development of offshore wind projects in the US has been hindered by environmental opposition to their visual effects,...more

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