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Paris Agreement Article 2.1(C) sounds obscure – but it packs a big punch for cleaning up the financial sector.

Enviromental Defense

C) of the Paris Agreement has significant implications for how the global financial system works and will be a centrepiece of the coming years. It calls for countries to make all “finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.” Article 2.1(C)

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Understanding Unsuccessful Climate Litigation: The Spanish Greenpeace Case

Law Columbia

In this case, environmental and human rights organizations, including Greenpeace and Oxfam (“the plaintiffs”), had taken legal action against the Government of Spain, alleging inadequate action on climate change. However, the Supreme Court found that the Spanish Government had complied with the Paris Agreement and the EU legislation.

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Recent developments on carbon dioxide removal: Increasing policy support but governance issues remain

Law Columbia

Governments are, it seems, beginning to listen to the growing chorus of scientists who have warned that deploying CDR is essential to avoid catastrophic climate change. Government funding for research and deployment of CDR is increasing. Yet, key issues around definitions, guidance, and climate governance remain.

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Governing Emissions Trading in California and China

Legal Planet

As of 2021, 30 emissions trading systems were in force globally, covering 16 – 17 % of global greenhouse gas (GHG) emissions. California’s system uses revenues from auctioning allowances to fund its Greenhouse Gas Reduction Fund (GGRF) and to limit cost increases to electricity users. Carbon markets are at a crossroads.

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The Critical Role of Lawyers and Bar Associations in Achieving Net Zero

Law Columbia

Lawyers, bar associations, and law societies have an important but not fully recognized role to play in achieving the net zero goal in the Paris Agreement. In 2022, the United Nations released a special report focusing on the role of nonstate actors, including law firms, in reducing greenhouse gas emissions. In the U.S.,

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What EXACTLY Did the UN Conference Decide?

Legal Planet

This group of nearly all the world’s nations says that it: [R]ecognizes the need for deep, rapid and sustained reductions in greenhouse gas emissions in line with 1.5 °C Non-CO2 greenhouse gases. In a fourth significant subsection, section 28 highlights the role of greenhouse gases other than carbon dioxide.

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COP28: “The Methane COP”

Legal Planet

Until recently, few could have anticipated that methane, a GHG not even mentioned in the Paris Agreement, would be central to COP28’s most headline-grabbing announcements. Subnational governments of Brazil, Bolivia, South Korea, Germany, Spain, Canada, Nigeria, and the United States are among the signatories of the coalition.