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Climate Change Carbon Off-Set Credits

K&L Gates LLP

ESG—Australia - Carbon Offsets: Australian Regulatory Framework

K&L Gates LLP on

Taylor Swift’s “Eras Tour” was one of the highest grossing music tours of all time with approximate proceeds exceeding US$1 billion. While this is a monumental feat, Taylor Swift also gained negative attention during the tour...more

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - June 2024 #3

In this week’s edition, our focus remains on carbon credits where the first ever set of “Core Carbon Principles”-labelled carbon credits were approved. The three European supervisory authorities publish their final reports on...more

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - June 2024 #2

In this week’s edition, we discuss the U.S. government’s proposed guidelines for the ever-controversial voluntary carbon markets. In the EU, ESMA published a report of its findings on greenwashing in the marketing materials...more

Davis Wright Tremaine LLP

Navigating California's New Climate Laws: AB 1305 and Voluntary Carbon Offsets

With the voluntary carbon offset market being unregulated in the United States, California Assembly Bill No. 1305 (AB 1305) was enacted to confirm the authenticity of claimed emissions offsets, emphasizing the need to ensure...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

Holland & Knight LLP

California Mandates Greenhouse Gas Emissions Disclosures Beginning Jan. 1, 2024

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Assembly Bill 1305 (AB 1305), also called the Voluntary Market Disclosures Act, is a new California statute requiring companies to make certain disclosures if they make claims in the state regarding greenhouse gas (GHG)...more

ArentFox Schiff

Top 10 ESG Developments for 2023

ArentFox Schiff on

2023 saw terms like “ESG,” “greenwashing,” and “circular economy” come into common use. We also saw a tsunami of other environmental, social, and governance (ESG)-related developments at the international, federal, and state...more

Cadwalader, Wickersham & Taft LLP

Australian Government Seeks Input on Implementation of Carbon Credit Scheme

In August 2023, the Australian Department of Climate Change, Energy, the Environment and Water (DCCEEW) solicited feedback on proposed amendments to the Australian Carbon Credit Unit (ACCU) Scheme. This is the third step in...more

BakerHostetler

New Regulations and Standards Look to Clean Up the Voluntary Carbon Market and Fight Greenwashing

BakerHostetler on

As businesses across the globe strive to fulfill carbon-neutral and net-zero promises over the coming decades, the voluntary carbon market has emerged as a necessary resource to help businesses bridge the gap to...more

Holland & Knight LLP

Podcast - Cracking Down on Carbon Markets: CFTC and FTC Exercise Heightened Scrutiny

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This episode of the "Eyes on Washington" podcast series by Holland & Knight's Public Policy & Regulation Group is presented by attorneys Halley Townsend, Andy Kriha and Alex Holtan of the firm's Greenwashing Mitigation Team....more

Holland & Knight LLP

Double Jeopardy for Double Counting? CFTC and FTC Both Scrutinize Fraud in Carbon Markets

Holland & Knight LLP on

The Federal Trade Commission (FTC) and Commodity Futures Trading Commission (CFTC) have recently and aggressively signaled their intent to ramp up enforcement activity regarding the use of carbon offsets to make environmental...more

Holland & Knight LLP

FTC Proposes to Clarify Green Guides for Climate Claims Based on Carbon Offsets

Holland & Knight LLP on

For the first time since 2012, the Federal Trade Commission (FTC or Commission) is actively evaluating potential updates to its Guides for the Use of Environmental Marketing Claims (Green Guides or Guides) to provide clarity...more

ArentFox Schiff

Rise in VCM Business May Trigger CFTC Oversight on Sales of Carbon Offset Credits

ArentFox Schiff on

Many major companies have announced a blueprint to minimize their carbon footprint. Some companies have gone so far as to proclaim that they will achieve “net zero” emissions in the near future. To accomplish their climate...more

Cadwalader, Wickersham & Taft LLP

Brazilian Congress Approves Legislation Aiming to Stimulate Carbon Credit Markets

On May 2, 2023, the Brazilian Senate approved legislation that amends rules relating to public forest concession contracts and, significantly, now allows the use and commercialization of carbon credits. The amendment, which...more

Cadwalader, Wickersham & Taft LLP

IOSCO Launches a Consultation on Compliance and Voluntary Carbon Markets Design

In November 2022, the International Organization of Securities Commissions (“IOSCO”) published two reports − one on Compliance Carbon Markets (“CCMs”) and one on Voluntary Carbon Markets (“VCMs”). IOSCO continues to seek...more

Cadwalader, Wickersham & Taft LLP

Australian Carbon Market and Safeguard Mechanism Reform

A recently published independent review of Australia’s carbon credit units (ACCU) scheme, commissioned by the Australian government, has found that the ACCU scheme is “essentially sound,” but provides 16 recommendations to...more

Perkins Coie

COP27: Four Takeaways for Business Leaders

Perkins Coie on

The 27th United Nations Climate Change Conference of the Parties (COP27) was held in Sharm el-Sheikh, Egypt, in November 2020. While much was discussed, there are four takeaways that may be of greatest interest to business...more

Dorsey & Whitney LLP

ESG Funds/Carbon Credit Project Developers: LSE Launches The New Voluntary Carbon Market Designation

Dorsey & Whitney LLP on

On 10 October 2022, the London Stock Exchange (LSE) introduced the Voluntary Carbon Market (VCM) with the aim of promoting transparency and standardising carbon disclosures (a counter to “greenwashing”) and increasing the...more

Latham & Watkins LLP

Hong Kong Launches International Carbon Marketplace, Singapore Introduces ESG Hub

Latham & Watkins LLP on

Hong Kong’s Core Climate aims to facilitate trading of carbon credits, while the Hub plans to expedite Singapore’s ESG ecosystem growth. On 28 October 2022, the Hong Kong Exchange and Clearing Limited (HKEX) launched Core...more

Cooley LLP

Is buying a carbon offset like buying a medieval indulgence?

Cooley LLP on

At a recent meeting of the SEC’s Investor Advisory Committee discussing the SEC’s climate disclosure proposal, a speaker in charge of ESG investing at an asset manager raised the possible risk that companies, faced with a...more

Cadwalader, Wickersham & Taft LLP

CFTC Considers Greater Regulation of Carbon Offset Markets

On June 2, 2022, the Commodity Futures Trading Commission (“CFTC”) convened for the first time market participants to discuss the state and the challenges of the U.S. voluntary carbon credit (“VCC”) markets and, at the end of...more

A&O Shearman

Abu Dhabi Global Market to Launch World’s First Voluntary Carbon Credit Exchange

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As discussed in Shearman & Sterling’s previous Energy & Infrastructure Insight, there is significant pressure on companies and governments to reduce their carbon emissions, not only driven by mandatory regimes but also...more

Akin Gump Strauss Hauer & Feld LLP

Senate’s Passage of Growing Climate Solutions Act Highlights Focus on Sustainable Agriculture

The U.S. Senate recently passed the bipartisan Growing Climate Solutions Act (Act) by a 92-8 vote to help American farmers, ranchers and private forest owners adopt, and ultimately profit from, activities that reduce or...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

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