Investors Call for Companies to Disclose Climate Change Risks and Opportunities

Institutional investors managing more than $1 trillion in assets have called on the Securities and Exchange Commission (SEC) to provide guidance on the disclosure of climate change risks and opportunities. The investors’ petition calls for interpretive guidance outlining climate-related ‘material...

Climate change and greenhouse gas emissions: signs of a new judicial activism?

Interviewed in October 2009 Connie Hedegard, Danish Minister for Climate and Energy who will act as President of December’s climate change summit said: ‘ If the whole world comes to Copenhagen and leaves without making the needed political agreement, then I think it’s a failure that...

Local Governments for Sustainability (ICLEI) provides local government climate roadmap

At the Climate Talks in Barcelona in November 2009, it became obvious that national negotiators will not kick-off the COP15 meeting in Copenhagen with a draft for an international climate agreement which than Ministers and Heads of State could finalise at the end of the two weeks of COP15. What now?...

Mobile Version oF UNFCCC Website and iPhone Application for COP 15

» Download the iPhone app – ‘COP 15 Navigator‘ – free of charge » To view the UNFCCC website using your mobile device, go to http://mobile.unfccc.int

What does Ringo have to do with climate change?

Inside the Bella Centre, Copenhagen, there is a row of portakabins. On one door, in bold capitals it says ‘RINGO’. For a couple of old Beatles fans making their way out after registration that raised false hopes. Last week the UN adopted as the unofficial anthem of COP15 Bob Dylan’s...

Can insurance help with risk reduction?

The Munich Climate Insurance Initiative (MCII) is urging negotiators at COP15 to adopt insurance instruments as part of the climate change adaptation strategy in the Copenhagen agreement. While insurance is usually regarded as a way to meet the costs and consequences of disaster, MCII argue that it is...

Towards a ‘legally binding’ agreement?

The daily lunchtime briefings by Yvo de Boer, Executive Secretary of the UNFCCC, provide a great barometer of the mood of the key parties to COP15. After weeks of expectation management, talking down the prospects of agreement, the tone shifted in the pre-conference session and on the opening day. Pledges...

Are we all environmental lawyers now?

The range of issues being discussed at COP15 is phenomenal, and touches on every area of legal practice. Much of the talk in the halls on Tuesday and Wednesday has been about the now infamous ‘Danish draft’ and about the implications of the US EPA ruling on greenhouse gases as a threat to...

COP15 Press Briefing: Blogger Malcolm Dowden’s Query Addressed

At a press briefing on the second day of the United Nations Climate Change Conference from Copenhagen, Denmark (COP15), UNFCCC Executive Secretary Yvo de Boer spoke of a very positive and encouraging start to the conference on 07 December, with several clarion calls for urgent action. Copenhagen will...

Will Copenhagen produce a ‘legally binding agreement’?

Negotiations in Copenhagen were never going to be easy. On 9 December Tuvalu insisted that there had to be discussion of their proposal for a ‘legally binding protocol’ to come out of Copenhagen. At a press briefing on 10 December the Alliance of Small Island States (AOSIS) confirmed their...

Moving along the ‘twin track’

A document prepared by the chairman of the Long Term Cooperative Action (LCA) group on 11 December reinforces the view that Copenhagen is likely to move along the ‘twin track’ route, with an extension to the commitment period under the Kyoto Protocol being supplemented by a separate agreement...

The Negotiating Texts

Negotiations went on through the night of 15 -16 Dece,ber following the approach proposed by COP15 President Connie Hedegaard, with developed and developing nations 'pairing up' in an attempt to find common ground. Unbridged gaps remain on the headline points: - in his press briefing on 15 December...

A Long Way to Go

Week 2 of the Copenhagen climate change summit has opened with strong indications of the distance between developed and developing nations and economies. The UK’s Energy and Climate Change Secretary Ed Miliband said: ‘We’re now getting close to midnight in this negotiation and we need...

Peatland emissions find a place in the negotiating text

In her recent Lexis podcast Susanna Tol of Wetlands International explained the implications of their recent report on greenhouse gas emissions from degrading wetlands. Crucially, when wetlands are drained and begin to oxidize they emit greenhouse gases, and those emissions continue year after year until...

Introduction to LexisNexis Global Climate Change Special Pamphlet Series

By General Editor Bradley M. Marten Endeavoring to write about climate change while the law is still being written, is a little bit like jumping on a moving train without knowing exactly where it is headed. But the train is moving, and for those that are in its path—including thousands of emissions...

EPA's Mandatory Greenhouse Gas Reporting Rule

By Mary Ellen Ternes, Shareholder, McAfee & Taft; General Editor Bradley M. Marten As of January 1, 2010, large emitters of heat-trapping emissions must collect greenhouse gas (GHG) data under a new recording system, pursuant to a new U.S. Environmental Protection Agency (EPA) Rule. Most of the more...

The SEC and Climate: Disclosure Requirements

Patricia Thrower Barmeyer, Keith M. Townsend, Lewis B. Jones, John C. Bottini, Attorneys, King & Spalding; General Editor Bradley M. Marten Climate change can impact companies in a variety of ways. To help you and your corporate clients identify the types of business risks posed by climate change...

Cap-and-Trade: Law and Economics

Earl W. Phillips, Jr., Kirstin M. Etela, Brian C. Freeman, Lauren M. Vinokur, Attorneys, Robinson & Cole; General Editor Bradley M. Marten Congress has been working on legislation to create a federal cap-and-trade program, and enactment of a new law is on the horizon. A cap-and-trade program could...

Business – as usual?

Throughout COP15 Executive Secretary Yvo de Boer has remarked on the level of business interest in the summit, and its outcome. Speaking at an International Chamber of Commerce (ICC) event he challenged business to take a more direct role in the process of pressing for and designing a global deal on...

The EU's Position Shifts

Throughout COP15 the European Union (EU) has advocated a single new agreement to replace Kyoto and to incorporate the commitments in the LCA text. That EU position was thought to find expression in the 'Danish text' that has caused so much anger and delay since the summit opened. Speaking on...

Tragedy, farce or last minute triumph?

Speaking in Copenhagen Ed Miliband, the UK’s Secretary of State for Energy and Climate Change said: ‘it would be a tragedy if we fail to get an agreement because of substance: it would be a farce if we fail to get an agreement because of process’. By midday on 17 December it was evident...

More Developments from Cophenhagen - A Draft Accord, REDD plus, and control of the Climate Fund

Throughout the day on 18 December press conferences have been postponed or cancelled. Throughout the day drafts of the proposed ‘Copenhagen Accord’ have emerged from behind the closed doors of the talks being run by Heads of State. The latest draft shows signs of progress. In a clear attempt...

The Copenhagen Accord – behind the headlines

The UK Secretary of State for Energy and Climate Change said on 16 December that it would be a ‘tragedy’ if Copenhagen failed to reach an agreement because of substance, and a ‘farce’ if it failed because of process. In the final outcome there were elements of both tragedy and...

Renewable Portfolio Standards by Ridgway Hall, Thomas Utzinger, and Jessica Hall

By Ridgway Hall, Thomas Utzinger, and Jessica Hall; General Editor Bradley M. Marten Renewable portfolio standards (RPS) obligate retail sellers of electricity to include in their energy resource portfolios certain minimum amounts of electricity from qualifying renewable energy sources. To help you...

Arctic salt clouds are reducting the impact of Global Climate Change on the Arctic region

Prior posts have noted both the various impacts of Global Climate Change ("GCC") on various aspects of the Earth and its atmospheric systems, as well as the failure of many/most models to include such impacts within their parameters. For example, a recent post noted that the solar cycle has...