In January, when Governor Kathy Hochul announced the creation of New York Cap and Invest–a regulatory program through which the state will set a continuously-decreasing cap on economy-wide emissions and issue emission credits in accordance with this cap– she touted the program’s potential for linkage with cap-and-trade programs […]
While progress is being made, there is still a lot to do. The IPCC has said that, in addition to reducing emissions, it will likely also be necessary to draw greenhouse gases out of the atmosphere to mitigate climate change. The Sabin Center for Climate Change Law, an affiliate of the Columbia Climate School, has been exploring various ways of doing that, including through “blue carbon” approaches. Blue carbon is carbon captured by ocean and coastal ecosystems. In this post, we will focus specifically on ocean-based carbon dioxide removal and sequestration, also known as “ocean CDR”.
On June 13, 2022, Chile published its Climate Change Framework Law (“the Climate Act”). The Climate Act includes a binding goal of net zero emissions by 2050 at the latest, following the recommendations of the IPCC. It creates regulatory instruments, a new crosscutting governance, and opportunities for public participation. The Climate Act also creates important challenges and opportunities for Chile’s private sector. This blog explores these elements and how they imply a paradigm shift in Chilean climate governance, becoming a leader in Latin America for climate action.