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The Climate Report | Third Quarter 2022 – Climate Change



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LAWYER SPOTLIGHT

Chris Papanicolaou

Chris Papanicolaou, of counsel in Jones
Day’s Government Regulation and Real Estate Practices, focuses
on environmental law and general commercial real estate law. He has
advised clients on environmental permit applications and appeals;
waste and water resources laws; infrastructure project issues;
carbon reduction and climate change; renewable energy projects;
health and safety issues; and environmental liability insurance. He
also handles the structuring of brownfield contaminated land
disposals and acquisitions. His commercial property law practice
extends to advising major companies on disposals, acquisitions,
lettings, and options and on general landlord and tenant matters.
Chris is located in the London Office and was recently named to the
2023 edition of The Best Lawyers in United Kingdom.”
He is a member of the United Kingdom Environmental Law
Association.


REGULATORY ISSUES & UPDATES

European Taxonomy Regulation Extended to Natural Gas and
Nuclear Energy

The regulation is likely to create new opportunities for natural
gas and nuclear energy in the European Union, though it may not
deter nongovernmental organizations from continuing to challenge
fossil fuel or nuclear activities.

Read More >>

CFTC Holds First-Ever Voluntary Carbon Markets
Convening

EPA’s final rule sets revised greenhouse gas emissions
standards for passenger cars and light-duty trucks with model years
2023-2026.

Read More >>

Pennsylvania Joins the Regional Greenhouse Gas
Initiative

The European Commission has adopted new Guidelines on State Aid
for Climate, Environmental Protection, and Energy, offering
increased opportunity for businesses to receive State aid.

Read More >>

Jones Day Submits Comment Letter on SEC’s Proposed
Climate-Related Disclosure Rules

The letter proposes changes that support all market
participants’ common objectives of investor protection and fair
and efficient capital markets.

Read More >>

Australian Corporate Conduct Regulator Releases Guidance
on Greenwashing Risks

ASIC has released guidance to superannuation and managed funds
on avoiding the risk of greenwashing when promoting
sustainability-related products.

Read More >>


LITIGATION ISSUES & UPDATES

U.S. Supreme Court Limits How EPA Can Regulate
Greenhouse
Gases

The Green Plan charts ambitious and concrete targets over the
next decade as Singapore strives to lead the region in sustainable
development and financing.

Read More >>

Predicted Rise in Climate-Related Investment Arbitration
Claims on the Horizon

Relying on the Hague District Court’s ruling in the Royal
Dutch Shell case, a Dutch environmental group has called on the
chief executives of the “Netherlands’ large
polluters” to draft a “climate plan” before April
15, 2022, detailing the actions they will take to reduce their
companies’ CO2 emissions by 45% in 2030.

Read More >>


TRANSACTIONAL ISSUES & UPDATES

Overview and Impact of Singapore’s Green Plan
2030

The assessment includes 61 UK-wide climate risks, with eight
specific areas identified for immediate action in the next two
years.

Read More >>

Australian Carbon Credit Scheme Under
Scrutiny

The new Labor government’s policy shift on climate change
mitigation and the energy transition presents heightened risks and
commercial opportunities.

Read More >>

Mexico’s REDD+ Projects: Update on GHG Emissions
Avoidance

Mexico is continuing its efforts to promote sustainable rural
development and implement national forest carbon stocks.

Read More >>

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

POPULAR ARTICLES ON: Environment from Worldwide

The Climate Report | First Quarter 2022

Jones Day

The delegated regulation includes a new comprehensive and unified reporting methodology to direct investments toward environmentally sustainable economic activities.



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