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Carbon Emissions Environmental Policies European Commission

Jones Day

European Union Adopts Strategy to Develop Carbon Capture and Storage Technologies

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The European Commission ("Commission") adopted an Industrial Carbon Management Communication ("Communication") on 6 February 2024, outlining the Commission's ambitions for a strategy to boost the deployment of technologies in...more

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - April 2024 #4

In this week’s edition, we discuss the European Parliament’s approval of a certification framework that is set to govern carbon removal activities, including the proper certification of carbon credits. Europe continues to...more

Latham & Watkins LLP

European Commission Recommends 90% Emissions Reduction Target by 2040

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On 6 February 2024, the European Commission (Commission) presented its recommendations for the EU’s 2040 climate target, following a detailed impact assessment on potential emission reduction pathways. This publication aligns...more

Akin Gump Strauss Hauer & Feld LLP

European Commission Consults on CBAM Reporting Obligations

On Tuesday, the European Commission published a draft Implementing Regulation for the Carbon Border Adjustment Mechanism (CBAM). The regulation sets rules for the reporting obligations during the CBAM transitional period that...more

A&O Shearman

CBAM – how the EU’s new carbon border tax will impact non-EU businesses

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On 17 May 2023, the EU Regulation establishing a carbon border adjustment mechanism (the CBAM Regulation) came into force. The CBAM Regulation will become applicable in phases, with provisions applying from 1 October 2023, 31...more

Beveridge & Diamond PC

EU Parliament Approves Carbon Border Adjustment Mechanism

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The European Parliament voted in favor of implementing the Carbon Border Adjustment Mechanism (CBAM) after reaching a provisional agreement on the CBAM in December 2022. Several countries and the European Union (EU) have long...more

A&O Shearman

Introduction to the EU’s Emissions Trading System (UPDATED)

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The EU emissions trading system (the EU ETS) is one of the key pillars of the EU’s policy to combat climate change and to reduce greenhouse gas emissions from regulated sectors....more

Akin Gump Strauss Hauer & Feld LLP

Green Deal Industrial Plan for the Net Zero Age – the EU’s Answer to the Inflation Reduction Act

Yesterday (1 Feb 2023) marked the launch by the European Commission (EC) of the Green Deal Industrial Plan for the Net Zero Age. Its introduction is aimed at a levelling up of the international playing field and combatting...more

White & Case LLP

European Parliament and Council Reach Agreement on Carbon Border Adjustment Mechanism and EU Emissions Trading System

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The European Parliament and Council of the European Union have reached an agreement on the text of the EU Carbon Border Adjustment Mechanism regulation and the directive providing an updated EU Emissions Trading System....more

A&O Shearman

Introduction to the EU’s Emissions Trading System

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The EU Emissions Trading System (the EU ETS) is one of the key pillars of the EU’s policy to combat climate change and to reduce greenhouse gas emissions from regulated sectors....more

White & Case LLP

European Parliament and Council adopt positions on ETS and CBAM proposals: next steps—final agreement & formal adoption

White & Case LLP on

The EU "Fit for 55" package, if adopted, will significantly reshape environmental regulation in Europe, with impact beyond the EU's borders. In this alert, we focus on developments in two of the most impactful files, the...more

Akin Gump Strauss Hauer & Feld LLP

EU Parliament Votes On Climate Agenda

During the plenary session held the first week of June, the European Parliament voted on several items related to the European Union’s (EU) “Fit for 55” climate package. Debate and division continue to be strong. Key...more

Vinson & Elkins LLP

Not Just CO2 and Anti-climax: Tackling Methane Emissions is a Further Challenge for the Petroleum Industry in the Wake of COP26

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The Global Methane Pledge (GMP) was one of the few headline commitments announced at COP26. The response to the GMP indicates that tackling methane emissions is now firmly on the agenda for the petroleum industry... ...more

A&O Shearman

Counting Carbon: The European Commission’s vision on carbon removals

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As 2021 draws to a close, the European Commission (EC) has been busy. On 15 December 2021, it adopted several new documents in relation to environmental protection in the widest sense. ...more

Hogan Lovells

The EU Carbon Border Adjustment Mechanism proposal and considerations for U.S. businesses

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The EU CBAM proposal signals a transformation of the European carbon pricing regulations. U.S. businesses with significant European operations, or with operations in emissions-intensive, trade-exposed industry sectors, should...more

Mintz - Energy & Sustainability Viewpoints

Pricing Overseas Carbon: The Rise of Border Adjustment Mechanisms on Both Sides of the Pond

In the past several months, lawmakers in both the United States and the European Union have introduced legislation to enact carbon border adjustment mechanisms (CBAMs) in their respective jurisdictions. Also known as a...more

Hogan Lovells

The EU Carbon Border Adjustment Mechanism : inspiration for others or Pandora’s box?

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Following the release of the European Commission’s proposal for a Carbon Border Adjustment Mechanism (“CBAM Proposal”) on 14 July 2021 as part of the “Fit for 55” legislative package aimed at reducing the EU’s greenhouse gas...more

K&L Gates LLP

European Commission Proposes to Adapt its Legislative Framework in Various Policy Areas to Make it ‘Fit For 55'

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INTRODUCTION - On 14 July 2021, the European Commission (Commission) released its mega ‘Fit for 55’ policy Package (Package) to reduce emissions by at least 55 percent by 2030 in order to achieve a carbon-neutral Europe. In...more

Latham & Watkins LLP

European Commission Launches Consultation on Draft 2022 State Aid Guidelines on Climate, Environmental Protection and Energy

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The Development - ..On 7 June 2021, the European Commission (EC) published a draft Communication on the “Guidelines on State aid for climate, environmental protection and energy 2022” (CEEAG) that will replace the 2014...more

Latham & Watkins LLP

The European Commission Unveils New Sustainable Finance Package

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The package focuses on material sustainability reporting and disclosure obligations, as the EU looks to direct capital toward sustainable activities. On 21 April 2021, one day prior to Earth Day and a US-led global...more

K&L Gates LLP

European Commission Consults on a Carbon Border Mechanism

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On 11 December 2019, the European Commission (Commission) unveiled the European Green Deal (Green Deal), an ambitious environmental and climate set of policy proposals aiming to achieve carbon neutrality in Europe by 2050....more

Hogan Lovells

Net zero emissions by 2050 – new consultation on the proposed EU Climate Law

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The European Commission announced recently that it seeks feedback on proposals to adopt new regulations which establish the framework for achieving EU-wide 'climate neutrality' by reducing greenhouse gas emissions to net zero...more

Sheppard Mullin Richter & Hampton LLP

EU is Taking Action: The Fight for Clean Air

Public awareness regarding air pollution in the European Union is at an all-time high and citizens expect authorities to act. In this vein, the European Commission has recently taken a number of direct and indirect actions,...more

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