Inflation Reduction Act: Implementation Gaps for Local Governments & How to Close Them

In the nine months since President Biden signed the Inflation Reduction Act (IRA) into law, much has been made of the law’s potential to fund, support, and catalyze local climate action (including by me). The IRA promises to be transformative for climate action at the local level and beyond. Still, […]

Reckoning with risk: Recent developments in climate and U.S. financial regulation

Since President Biden took office in January 2021, his administration has been proactive in its efforts to fulfill his campaign promise to place climate issues at the forefront of his presidential agenda. Two executive orders, Executive Orders (EOs) 13990 and 14008, both issued within a week of  President Biden’s inauguration, […]

Cities, counties, and states score major procedural win in climate liability suits against fossil fuel companies

Over the last five years, cities, counties, and states across the country have sued fossil fuel companies alleging that the companies violated state law in marketing their products as safe. Collectively, these cases are known as climate liability cases or climate deception cases. On April 24, the U.S. Supreme Court […]

Transferred Emissions Are Still Emissions: Sabin Center and Columbia Center on Sustainable Investment launch report on the empirical emissions impacts of fossil fuel asset sales by oil supermajors

On Tuesday, May 9, the Sabin Center and the Columbia Center on Sustainable Investment launched Transferred Emissions are Still Emissions: Why Fossil Fuel Asset Sales Need Enhanced Transparency and Carbon Accounting. The increased atmospheric concentration of carbon dioxide (CO2) and other greenhouse gases (GHGs) is driving global climate change on […]

The Tragedy on the Financial Horizon is Closer Than You Think

In September 2015, then Bank of England Governor Mark Carney gave a landmark speech on the “Tragedy of the Horizon.” The concept was simple: climate change creates tremendous risk for financial markets, but these mounting risks are ignored by investors due to the market’s tendency towards myopia. The speech marked […]

Climate Change and the Law: Sabin Center launches report on legal issues to be analyzed by International Court of Justice

The International Court of Justice (ICJ) is inviting all U.N. Member States to submit their views on the legal issues relevant to climate duties and obligations. To help States make these submissions, Columbia Law School’s Sabin Center for Climate Change Law has just released its Status Report on Principles of […]