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 […]
Climate Change
28 posts
Achieving the United States’ ambitious emissions reduction goals depends in large part on the rapid adoption of wind and solar energy and the electrification of consumer vehicles. However, misinformation and coordinated disinformation about renewable energy is widespread and threatens to undermine public support for the transition. In a new report, […]
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 […]
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 […]
On July 21, 2023, the Sabin Center launched its latest report, Modelling Climate Litigation Risk for (Re)Insurers. This report, which forms part of the Sabin Center’s broader Climate Law and Finance Initiative, provides a toolkit to help academics, attorneys, insurance practitioners, and industry regulators model (re)insurer climate litigation risk. Insurance […]
In March 2023, two important decisions regarding the operation of newly built coal-fired power plants were handed down by courts in Japan. On March 9, 2023, the Japanese Supreme Court refused to hear the first climate change litigation brought before it without specifying substantive reasons. (Citizens’ Committee on the Kobe […]
March 8, 2023, marked the start of the demonstration phase of Project Greensand, shipping carbon dioxide (CO2) from Belgium for storage in a depleted oilfield in the North Sea off the coast of Denmark. This blog post highlights three ways in which this pioneering carbon capture and storage (CCS) operation […]
Following the 2007 landmark Supreme Court case Massachusetts v. EPA, the United States Environmental Protection Agency (EPA) has regulated greenhouse gas (GHG) emissions from motor vehicles under the Clean Air Act. These emissions standards were significantly loosened in the last year of the Trump Administration. In 2021 the Biden Administration […]