{"id":4100,"date":"2016-03-05T13:43:18","date_gmt":"2016-03-05T18:43:18","guid":{"rendered":"http:\/\/blogs.law.columbia.edu\/climatechange\/?p=4100"},"modified":"2016-03-05T13:43:18","modified_gmt":"2016-03-05T18:43:18","slug":"energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules","status":"publish","type":"post","link":"https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/","title":{"rendered":"Energy Transition and Climate Risks Included in New French Financial Disclosure Rules"},"content":{"rendered":"
<\/div>

Justin Gundlach
\nClimate Law Fellow<\/em><\/p>\n

\"France<\/a>New rules make France a leader in national and international efforts to integrate factors related to climate change into financial disclosure requirements. On December 31, 2015, the French Treasury Department published Decree no. 2015-1850<\/a> in the Journal Officiel de la R\u00e9publique Fran\u00e7aise<\/em> France\u2019s equivalent of the U.S. Federal Register (English summary translation<\/a>). That Decree gives effect to Article 173 of the Energy Transition for Green Growth law (la loi relative \u00e0 la transition \u00e9nerg\u00e9tique pour la croissance verte<\/a><\/em>), enacted in August 2015. The Decree imposes a number of reporting requirements on institutional investors and financial asset managers headquartered or registered in France. It anticipates\u2014but also goes further than\u2014the EU-wide disclosure requirements due to take effect in 2017 pursuant to Directive 2014\/95\/EU<\/a>, issued by the European Parliament and Council in October 2014.<\/p>\n

The Decree is the product of a multi-year collaboration between French and EU legislators, regulators, and staff at the 2\u00b0 Investing Initiative.<\/p>\n

Further details are available below the jump; anyone wanting additional information about the Decree should contact Jakob Thom\u00e4<\/a>, Deputy Director of the 2\u00b0 Investing Initiative<\/a>.<\/p>\n

<\/p>\n

What entities are affected?<\/em><\/p>\n

The Decree targets institutional investors. That category includes French insurance companies, pension and social security fund managers, financial asset management companies, the Caisse des Depots et Consignations (the public entity that manages French civil servants\u2019 pensions), entities that provide supplemental pensions for public or private workers, and any local government officials\u2019 pension funds subject to France\u2019s Monetary and Financial Code. Thus financial firms that have registered as financial asset managers in France must comply, meaning that the Decree affects not only French financial entities but also those registered in France but headquartered abroad, like Allianz IG and Deutsche Bank\u2019s asset management group. In additional to financial firms, the rule also encompasses French industrials such as \u00c9lectricit\u00e9 de France and Total S.A., as well as French subsidiaries of foreign industrials and industrials headquartered abroad but registered to do business in France.<\/p>\n

What must they do?<\/em><\/p>\n

The Decree\u2019s requirements are detailed; only a few highlights are described here.<\/p>\n

In general, entities subject to the Decree must indicate how the companies in which they invest provide information to investors, shareholders, clients, beneficiaries, etc. about environmental, social, and governance (ESG) factors. Thus, if 20% of an institutional investor\u2019s portfolio is invested in companies that participate in a carbon offset program or sustainable forestry effort, that institutional investor must report both the nature and proportion of that participation.<\/p>\n

More specifically, entities subject to the decree must disclose \u201cclimate risks,\u201d meaning (1) physical risks arising from climate change, such as sea level rise, and (2) \u201ctransition risks,\u201d like those that attend investments in assets likely to become \u201cstranded\u201d or suddenly de-valued as a result of efforts to derive energy from non-fossil resources. These categories align with those set forth by the G-20\u2019s Financial Stability Board in its November 2015 proposal, discussed here<\/a>.) In addition, entities must report how investees\u2019 policies align\u2014or fail to align\u2014with national and international decarbonization goals.<\/p>\n

The Decree also requires disclosure of the methodologies used by reporting entities to arrive at their characterization of investee companies\u2019 policies and climate risk exposure. This in particular sets the Decree apart from the somewhat vague Guidance<\/a> issued in 2010 by the U.S. Securities and Exchange Commission on climate change-related disclosures.<\/p>\n","protected":false},"excerpt":{"rendered":"

Justin Gundlach Climate Law Fellow New rules make France a leader in national and international efforts to integrate factors related to climate change into financial disclosure requirements. On December 31, 2015, the French Treasury Department published Decree no. 2015-1850 in the Journal Officiel de la R\u00e9publique Fran\u00e7aise France\u2019s equivalent of the U.S. Federal Register (English […]<\/p>\n","protected":false},"author":1666,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5532],"tags":[],"class_list":{"0":"post-4100","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-climate-disclosures","7":"czr-hentry"},"yoast_head":"\nEnergy Transition and Climate Risks Included in New French Financial Disclosure Rules - Climate Law Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy Transition and Climate Risks Included in New French Financial Disclosure Rules - Climate Law Blog\" \/>\n<meta property=\"og:description\" content=\"Justin Gundlach Climate Law Fellow New rules make France a leader in national and international efforts to integrate factors related to climate change into financial disclosure requirements. On December 31, 2015, the French Treasury Department published Decree no. 2015-1850 in the Journal Officiel de la R\u00e9publique Fran\u00e7aise France\u2019s equivalent of the U.S. Federal Register (English […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate Law Blog\" \/>\n<meta property=\"article:published_time\" content=\"2016-03-05T18:43:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blogs.law.columbia.edu\/climatechange\/files\/2016\/03\/France-logo-300x174.jpg\" \/>\n<meta name=\"author\" content=\"Justin Gundlach\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@sabincenter\" \/>\n<meta name=\"twitter:site\" content=\"@sabincenter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Justin Gundlach\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/2016\\\/03\\\/05\\\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/2016\\\/03\\\/05\\\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\\\/\"},\"author\":{\"name\":\"Justin Gundlach\",\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/#\\\/schema\\\/person\\\/a2729abace4a0b425f476cedba917b55\"},\"headline\":\"Energy Transition and Climate Risks Included in New French Financial Disclosure Rules\",\"datePublished\":\"2016-03-05T18:43:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/2016\\\/03\\\/05\\\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\\\/\"},\"wordCount\":565,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/2016\\\/03\\\/05\\\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/files\\\/2016\\\/03\\\/France-logo-300x174.jpg\",\"articleSection\":[\"Climate Disclosures\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/2016\\\/03\\\/05\\\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\\\/\",\"url\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/2016\\\/03\\\/05\\\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\\\/\",\"name\":\"Energy Transition and Climate Risks Included in New French Financial Disclosure Rules - Climate Law Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/2016\\\/03\\\/05\\\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/2016\\\/03\\\/05\\\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/files\\\/2016\\\/03\\\/France-logo-300x174.jpg\",\"datePublished\":\"2016-03-05T18:43:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/2016\\\/03\\\/05\\\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/2016\\\/03\\\/05\\\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/2016\\\/03\\\/05\\\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\\\/#primaryimage\",\"url\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/files\\\/2016\\\/03\\\/France-logo.jpg\",\"contentUrl\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/files\\\/2016\\\/03\\\/France-logo.jpg\",\"width\":389,\"height\":225},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/2016\\\/03\\\/05\\\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Energy Transition and Climate Risks Included in New French Financial Disclosure Rules\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/#website\",\"url\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/\",\"name\":\"Climate Law Blog\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/#organization\",\"name\":\"Sabin Center for Climate Change Law\",\"url\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/files\\\/2023\\\/02\\\/21-SabinBlog_Banner-1.png\",\"contentUrl\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/files\\\/2023\\\/02\\\/21-SabinBlog_Banner-1.png\",\"width\":2752,\"height\":260,\"caption\":\"Sabin Center for Climate Change Law\"},\"image\":{\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/sabincenter\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/#\\\/schema\\\/person\\\/a2729abace4a0b425f476cedba917b55\",\"name\":\"Justin Gundlach\",\"url\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/author\\\/jgundlach\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Energy Transition and Climate Risks Included in New French Financial Disclosure Rules - Climate Law Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/","og_locale":"en_US","og_type":"article","og_title":"Energy Transition and Climate Risks Included in New French Financial Disclosure Rules - Climate Law Blog","og_description":"Justin Gundlach Climate Law Fellow New rules make France a leader in national and international efforts to integrate factors related to climate change into financial disclosure requirements. On December 31, 2015, the French Treasury Department published Decree no. 2015-1850 in the Journal Officiel de la R\u00e9publique Fran\u00e7aise France\u2019s equivalent of the U.S. Federal Register (English […]","og_url":"https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/","og_site_name":"Climate Law Blog","article_published_time":"2016-03-05T18:43:18+00:00","og_image":[{"url":"https:\/\/blogs.law.columbia.edu\/climatechange\/files\/2016\/03\/France-logo-300x174.jpg","type":"","width":"","height":""}],"author":"Justin Gundlach","twitter_card":"summary_large_image","twitter_creator":"@sabincenter","twitter_site":"@sabincenter","twitter_misc":{"Written by":"Justin Gundlach","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/#article","isPartOf":{"@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/"},"author":{"name":"Justin Gundlach","@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/#\/schema\/person\/a2729abace4a0b425f476cedba917b55"},"headline":"Energy Transition and Climate Risks Included in New French Financial Disclosure Rules","datePublished":"2016-03-05T18:43:18+00:00","mainEntityOfPage":{"@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/"},"wordCount":565,"commentCount":0,"publisher":{"@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/#organization"},"image":{"@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/#primaryimage"},"thumbnailUrl":"https:\/\/blogs.law.columbia.edu\/climatechange\/files\/2016\/03\/France-logo-300x174.jpg","articleSection":["Climate Disclosures"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/","url":"https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/","name":"Energy Transition and Climate Risks Included in New French Financial Disclosure Rules - Climate Law Blog","isPartOf":{"@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/#website"},"primaryImageOfPage":{"@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/#primaryimage"},"image":{"@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/#primaryimage"},"thumbnailUrl":"https:\/\/blogs.law.columbia.edu\/climatechange\/files\/2016\/03\/France-logo-300x174.jpg","datePublished":"2016-03-05T18:43:18+00:00","breadcrumb":{"@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/#primaryimage","url":"https:\/\/blogs.law.columbia.edu\/climatechange\/files\/2016\/03\/France-logo.jpg","contentUrl":"https:\/\/blogs.law.columbia.edu\/climatechange\/files\/2016\/03\/France-logo.jpg","width":389,"height":225},{"@type":"BreadcrumbList","@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/2016\/03\/05\/energy-transition-and-climate-risks-included-in-new-french-financial-disclosure-rules\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blogs.law.columbia.edu\/climatechange\/"},{"@type":"ListItem","position":2,"name":"Energy Transition and Climate Risks Included in New French Financial Disclosure Rules"}]},{"@type":"WebSite","@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/#website","url":"https:\/\/blogs.law.columbia.edu\/climatechange\/","name":"Climate Law Blog","description":"","publisher":{"@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blogs.law.columbia.edu\/climatechange\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/#organization","name":"Sabin Center for Climate Change Law","url":"https:\/\/blogs.law.columbia.edu\/climatechange\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/#\/schema\/logo\/image\/","url":"https:\/\/blogs.law.columbia.edu\/climatechange\/files\/2023\/02\/21-SabinBlog_Banner-1.png","contentUrl":"https:\/\/blogs.law.columbia.edu\/climatechange\/files\/2023\/02\/21-SabinBlog_Banner-1.png","width":2752,"height":260,"caption":"Sabin Center for Climate Change Law"},"image":{"@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/sabincenter"]},{"@type":"Person","@id":"https:\/\/blogs.law.columbia.edu\/climatechange\/#\/schema\/person\/a2729abace4a0b425f476cedba917b55","name":"Justin Gundlach","url":"https:\/\/blogs.law.columbia.edu\/climatechange\/author\/jgundlach\/"}]}},"_links":{"self":[{"href":"https:\/\/blogs.law.columbia.edu\/climatechange\/wp-json\/wp\/v2\/posts\/4100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.law.columbia.edu\/climatechange\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.law.columbia.edu\/climatechange\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.law.columbia.edu\/climatechange\/wp-json\/wp\/v2\/users\/1666"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.law.columbia.edu\/climatechange\/wp-json\/wp\/v2\/comments?post=4100"}],"version-history":[{"count":0,"href":"https:\/\/blogs.law.columbia.edu\/climatechange\/wp-json\/wp\/v2\/posts\/4100\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.law.columbia.edu\/climatechange\/wp-json\/wp\/v2\/media?parent=4100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.law.columbia.edu\/climatechange\/wp-json\/wp\/v2\/categories?post=4100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.law.columbia.edu\/climatechange\/wp-json\/wp\/v2\/tags?post=4100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}