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Baker Botts L.L.P.

P2N0 - Edition 14 - News and Views on the Drive Towards Net-Zero GHG Emissions

Baker Botts L.L.P. on

Welcome to the fourteenth edition of P2N0 covering the drive to reduce greenhouse gas (GHG) emissions to net-zero (NZE). P2N0 identifies significant news items globally, reporting on them in short form, focusing on policy...more

Stikeman Elliott LLP

Legislative, Procurement and Governmental Updates Signal that British Columbia is Ripe for Renewable Energy Development

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Recent legislative, procurement and governmental updates, including BC Hydro’s upcoming Call for Power and updates to the BC Clean Energy Act will create increased opportunities for renewable energy development in the...more

Cadwalader, Wickersham & Taft LLP

Sustainable Business Group Urges EU to Cut GHG Emissions 90% by 2040

On September 5, 2023, the Corporate Leaders Group Europe (CLG Europe) published a position paper urging the European Union to cut its greenhouse gas (GHG) emissions by at least 90% by 2040, and asked EU member states to...more

Cadwalader, Wickersham & Taft LLP

U.S. Lawmakers Urge DOJ to Investigate Oil and Gas Companies

On July 25, 2023, Representative Ted Lieu and 19 other Democratic lawmakers from the U.S. House of Representatives and Senate sent a letter to U.S. Attorney General Merrick Garland, requesting that the Department of Justice...more

Cadwalader, Wickersham & Taft LLP

Swiss Citizens Vote in Favor of New Net Zero Law

On June 18, 2023 Swiss citizens voted in favor of a new climate law intended to promote carbon neutrality by 2050. The Federal Act on Climate Protection Targets, Innovation and Strengthening Energy Security, known as the...more

Jones Day

The Climate Report | Second Quarter 2023

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"Green Day" in the UK - As part of its "Powering Up Britain" strategy, the UK government has published a series of documents setting out its vision for the UK's transition to net zero and the strengthening of UK energy...more

Stinson LLP

Minnesota Passes Renewable Energy Policies Impacting Various Industries

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This week, the Minnesota Legislature passed and delivered to the governor for signature HF2310, an energy policy omnibus bill that provides $216 million for energy initiatives in the state. The legislation includes...more

Cadwalader, Wickersham & Taft LLP

EU Approves State Aid to Bolster Czech Sustainability Scheme

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

Gray Reed

Climate Litigation Update

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You might recall our posts on litigation by states, counties, and cities blaming a host of calamities, real and imagined, past and future, on Big Oil. The producers tried their best to remove the cases to federal court. In a...more

Cadwalader, Wickersham & Taft LLP

IIGCC Publishes Net Zero Standard for Oil and Gas Sector

On April 18, 2023, the Institutional Investors Group on Climate Change (IIGCC) published a “Net Zero Standard for Oil & Gas.” Development of the Standard follows a two-year collaborative process led by IIGCC with support from...more

Farrell Fritz, P.C.

Green for Green: New York’s Climate Justice Working Group Identifies Qualified Disadvantaged Communities for Clean Energy and...

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The New York Climate Leadership and Community Protection Act (“CLCPA”) established ambitious targets to transform New York’s energy generation and efficiency. The CLCPA was signed into law in 2019 with goals to achieve 100%...more

White & Case LLP

A baseline-and-credit greenhouse gas emissions system for Australia: Reforms to the Safeguard Mechanism

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On 30 March 2023, the Australian Federal Parliament passed the Safeguard Mechanism (Crediting) Amendment Act 2023 (Cth) (Safeguard Act). The Safeguard Act, together with the Federal government's proposed reforms to the design...more

Cadwalader, Wickersham & Taft LLP

EC Proposal to Reform EU Electricity Market Underscores Capital Needs

On March 14, the European Commission (EC) announced a proposal to “revise the rules for electricity market design and for improving the EU protection against market manipulation in the wholesale energy market.” The proposals...more

Foley Hoag LLP

California’s Ambitious Climate Scoping Plan – How the World’s Fifth Largest Economy is Working Towards Net-Zero

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On November 16, 2022, the California Air Resources Board (“CARB”) finalized its 2022 Scoping Plan (the “Scoping Plan”) laying out how California plans to achieve its long-term climate target of carbon neutrality. The State’s...more

Stikeman Elliott LLP

Edmonton District Energy Strategy

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The City of Edmonton (Edmonton) has published a District Energy Strategy. To meet its climate targets, Edmonton aims to reduce emissions from heating and cooling buildings through a “City-wide decarbonized district energy...more

Stikeman Elliott LLP

Canada’s Innovation Funding and the Pursuit of a Clean Economy

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As part of an effort to move towards global carbon neutrality, Canada published its 2030 Emissions Reduction Plan in March of 2022 which focuses on achieving net-zero carbon emissions by 2050. Working towards a strong economy...more

Gray Reed

More Climate News You Don’t Often Hear

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Its time again to report on climate-related news from a perspective other than the alarmists. I’ll leave it to those who know more than I....more

Stikeman Elliott LLP

Carbon Capture, Utilization and Storage and the Quest for Net-Zero in Alberta

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In March 2022, on the heels of the Canadian Net-Zero Emission Accountability Act, Canada published its 2030 Emissions Reduction Plan (2022) which is focused on driving net-zero carbon emissions by 2050. One way in which...more

Stinson LLP

The Impact of the New Inflation Reduction Act on Infrastructure Initiatives

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Congress has injected yet another wave of stimulus funding as the Biden Administration attempts to shape the future of America’s infrastructure. On August 16, 2022, President Biden signed into law House Bill 5376, known as...more

Jones Day

The Climate Report | Second Quarter 2022

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REGULATORY ISSUES & UPDATES - UK Introduces New Climate-Related Disclosure Regulations for UK Companies and LLPs - The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022 ("the...more

Jones Day

Energy Transition and Climate Change Treaties

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As climate change and energy transition play an increasingly important role in the decision-making of private and government entities, one issue is bound to become the focus of attention: Is there a potential conflict between...more

Jones Day

UK Government Publishes Its "British Energy Security Strategy"

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The British Energy Security Strategy ("the Strategy"), published on April 7, 2022, aims to ensure that the United Kingdom has "a flow of energy that is affordable, clean and above all secure." Published against the background...more

Stikeman Elliott LLP

Canada Releases its New 2030 Emissions Reduction Plan

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On March 29, 2022, the Minister of Environment and Climate Change, supported by Prime Minister Justin Trudeau, tabled Canada’s new 2030 Emissions Reduction Plan (the “Plan”). The Plan describes the existing and new measures...more

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