Environment, Land & Resources

Tag Archives: Paris Agreement

Can China Meet Its Paris Agreement Targets?

Increased manufacturing offshoring and industrial activity may prevent China from reaching its commitments, despite a booming renewable energy sector. By Paul A. Davies, Kimberly Leefatt, and R. Andrew Westgate China’s carbon emissions increased by 4% in the first quarter of 2018 — marking the biggest hike in carbon emissions in the last seven years, according … Continue Reading

Overview and Notable Features of the European Commission’s Proposed Sustainable Finance Regulations

Measures aim to establish consistent criteria for sustainable investments, as well as clear market standards for investors. By Paul A. Davies and Aaron E. Franklin Overview The European Commission (EC) has set out its first proposal for “concrete actions” to help the EU financial sector take the lead in establishing a greener economy and supporting … Continue Reading

IMO Strategy to Halve Greenhouse Gas Emissions From Shipping By 2050

The Initial Strategy provides the first global climate framework for the shipping sector and will support Paris Agreement targets. By Paul Davies, Janice Schneider, and Eun-Kyung Lee Background In April 2018, the Marine Environmental Protection Committee of the International Maritime Organization (IMO) adopted an initial strategy to reduce greenhouse gas (GHG) emissions in international shipping (Initial … Continue Reading

France Takes Steps to Address Climate Change Through Constitutional Reform

Intense lobbying surrounds a recent proposal to amend Article 34 of the Constitution. By Paul Davies and Fabrice Fages French Prime Minister Édouard Philippe recently unveiled a series of proposed modifications to the French Constitution that align with President Emmanuel Macron’s campaign platform. The proposals, which were unveiled on April 4, face objections from a … Continue Reading

Latin America Addresses Environmental Priorities at Green Climate Fund Dialogue

Representatives from 19 countries explore climate responses in several areas, including urban development, transportation, renewable energy, early warning systems, and agriculture. By Rosa Espín and Leticia Sitges Nearly 200 participants from 19 different countries recently convened in Colombia for the Green Climate Fund’s (the Fund’s) first Structured Dialogue with Latin America. The meeting, which was … Continue Reading

Carbon Markets Must Balance Stability and Adaptability When Implementing Emissions Trading Systems

As China begins to implement its emissions trading system, the country may look around the globe for regulatory guidance. By Paul A. Davies and R. Andrew Westgate China established its national emissions trading system (ETS) as a key component of the plan to meet its commitments under the Paris Agreement. The country’s participation in the … Continue Reading

The Spanish Government Launches Public Consultation on the Circular Economy Strategy

Spain takes a further step towards sustainable development with consultation on draft Circular Economy Strategy. By Rosa Espín and Leticia Sitges The Ministry of Agriculture and Fisheries, Food and Environment has launched a public consultation on a draft Circular Economy Strategy, which will involve the business sector, not-for-profit entities, and citizenship in the drafting process. … Continue Reading

The European Commission Signals a More Active Regulatory Role to Drive Green and Sustainable Investment

Recommendations signal a major shift for Europe’s financial system through both legislative and non-legislative changes. By Paul A. Davies and Aaron E. Franklin The European Commission (EC) has revealed its action plan for mobilizing the financial system to encourage a “greener and cleaner economy.”[1] The plan, which was released on 8 March, states that it … Continue Reading

EU Commissioner for Climate Action and Energy Highlights Opportunities for Financing New Economy*

Transparency regarding mitigation and financing rules likely to be key hurdles to overcome in achieving climate goals. By Rosa Espin, Paul Davies, and Michael Green The European Commissioner for Climate Action and Energy, Miguel Arias Cañete, recently commented on momentum in the European Union (EU) regarding climate change and the action that countries across the … Continue Reading

German Coalition Talks Hint at Key Elements of German Environmental Policy 2018-2021

A coalition government would likely focus on energy, transportation, and the automotive industry to meet Paris Agreement targets. By Joern Kassow and Patrick Braasch Background After the 2017 German parliamentary elections, the conservative Christian Democrats (CDU/CSU) and the Social Democrats (SPD) faced difficulties in forming a new government. However, the parties have now agreed on … Continue Reading

France Bans Research and Exploitation of Fossil Fuels

France announces voluntary adoption of a new law amending the Mining Code to meet Paris Agreement commitments. By Paul Davies and Michael Green* Background After lengthy legislative debates, the amended Mining Code (MC) now provides that, as a matter of principle, the research and exploitation of coal, and of all liquid or gaseous hydrocarbons, shall … Continue Reading

Climate Action 100+: Global Investors Continue Focus on Climate Change Disclosure

By Joshua Bledsoe, Sara Orr, and Bobbi-Jo Dobush Major investors with collective control of more than US$26.3 trillion are continuing to push for an increase in public companies’ governance, oversight, and disclosure of climate-related risk. Unveiled on December 12, 2017 at the One Planet Summit in Paris, the Climate Action 100+ is designed to promote the … Continue Reading

U.S. Withdrawal from the Paris Agreement Creates an Opening for China to Lead

By Paul Davies and Andrew Westgate On June 1, 2017, President Trump announced during a speech at the White House that the United States will withdraw from the Paris Agreement, fulfilling a campaign pledge to end the agreement that the President argued would harm the U.S. economy. Supporters of the Paris Agreement had lobbied for … Continue Reading

Green Finance Growth Set to Continue

By Paul Davies and Michael Green The Vice-President of the European Investment Bank, Jonathan Taylor called for “a renewed effort from the world’s financial institutions to make the Paris Agreement a reality” at the COP 22 Conference, held last month in Marrakesh. Green finance will have an instrumental role to play in the transition of … Continue Reading

China One of First Countries to Sign Paris Agreement

By Paul Davis and Andrew Westgate China, along with leaders from more than 150 countries, today signed the Paris Climate Change Agreement in New York. New York Signing Update Following final negotiation on December 12, 2015, today marked the first day that countries could formally sign the Paris Agreement. At the United Nations headquarters in … Continue Reading

Private Equity Goes Green

By Paul Davies and Michael Green In December 2015, world leaders met to negotiate the Paris Agreement. Setting aside whether the Paris Agreement goes too far, not far enough or is just right, one cannot dispute that government commitments to limit an increase in the global average temperature to well below two degrees Celsius will … Continue Reading

EU to Fast-Track 2030 Climate and Energy Policy Post-COP 21

By Paul Davies and Alice Gunn The Paris Agreement, adopted by 195 countries following the 21st session of the Conference of Parties (COP 21), is the first multilateral agreement on climate change that covers almost all of the world’s emissions. The Paris Agreement will be open for signature from 22 April 2016 and will enter … Continue Reading
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