Climate Finance

20 posts

Are sustainable finance metrics up for the volatility of the transition to net zero? A new working paper investigates

In recent years, climate experts and even regulators have increased attention on the financial sector as a driver of both emissions and capital formation in the low-carbon economy. There has been growing emphasis on “aligning” capital allocation by financial institutions to the transition to net zero greenhouse gases (GHG) in […]

The SEC’s Final Climate Disclosure Rule: Interrogating Preemption and Coherence with Other Domestic Regimes

Now that the Securities and Exchange Commission (SEC) has released its final climate disclosure rule, attention has turned to the rule’s implementation and impact. This post is the third in a series of blogs that address specific legal features of the rule: Part One offered a summary of the final rule, […]

The SEC’s Final Climate Disclosure Rule: Pathways for Improving the “Floor”

In the March 6th vote to approve the SEC’s final climate disclosure rule, the Commissioners split along party lines, with the rule passing by a 3-2 vote. It received a scathing review from Commissioners Peirce and Uyeda, both of whom suggested that the SEC should have re-proposed a new rule, […]

The SEC’s Final Climate Disclosure Rule: Key Requirements, and the Materiality Threshold

Nearly two years and 24,000 public comments after its proposal, the Securities and Exchange Commission (SEC) released its final climate disclosure rule last week, formally titled “The Enhancement and Standardization of Climate-Related Disclosures for Investors.” The rule expands public companies’ disclosure requirements to include certain greenhouse gas (GHG) emissions data […]

An Opportunity to Strengthen Climate Risk Management in the Derivatives Market

This piece previously appeared in EDF’s Climate 411 Blog.  Disasters that are fueled by climate change, like fires, floods, and hurricanes, increasingly pose risks to the U.S. financial system, including the derivatives market. The U.S. Commodity Futures Trading Commission (CFTC) regulates the derivatives market and is now considering updates to […]

Banking Regulators Act in the Face of Headwinds to Address Climate Risk

President Biden’s May 2021 Executive Order on Climate-Related Financial Risk is showing results. While the financial world is still waiting for key climate-related rules from several financial regulators, including the Security Exchange Commission (SEC), there has been some forward progress in recent weeks. The new regulations released by a group […]

Photo of Offshore Oil and Gas Facility

Decommissioning Offshore Oil and Gas Infrastructure in the Face of Climate Change and the Energy Transition

On August 31, 2023, the Sabin Center for Climate Change Law and the Columbia Center on Sustainable Investment (CCSI), as part of their broader Climate Law and Finance Initiative, published two reports analyzing legal and contractual regimes governing decommissioning of offshore oil and gas infrastructure projects and identifying decommissioning-related risks […]