article thumbnail

Guest Commentary: The Meaning of “Fair Share” in Climate Ambition Litigation under the Paris Agreement

Law Columbia

Czech Republic , ordering the Czech government to create a more ambitious emissions reduction plan based on its obligations under the Paris Agreement ( Press Release of Czech Climate Litigation ). The court’s decision adds to a list of successful climate ambition cases that began with the Netherlands’ Urgenda decision in 2007.

article thumbnail

Ask a Scientist: The US Has to Do More to Meet Its Carbon Emissions Reduction Goals

Union of Concerned Scientists

Under the 2015 Paris Agreement, the United States voluntarily pledged to reduce its global warming emissions at least 50 percent below their 2005 levels by the end of this decade and reach net-zero emissions no later than 2050. EN: What does your report recommend that the federal and state governments do going forward?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Oil Companies Plan to Take the Road Already Traveled

Union of Concerned Scientists

Heat-trapping emissions must be cut in half by 2030 to reach the Paris agreement goal of keeping global warming to 1.5 Shareholder advocates such as the Dutch nongovernmental organization Follow This have again filed proposals focused on the companies’ 2030 emissions reduction targets and their alignment with the Paris Agreement.

article thumbnail

Guest Contributor Veronika Bagi: Loss and Damage Finance Now! Or Not?

Legal Planet

That early proposal was not adopted, and the term “loss and damage” was first mentioned in 2007, in the outcome of COP13 in the Bali Action Plan as part of enhanced action on adaptation. . The new arrangements ought to complement the sources, funds, processes and initiatives under and outside of the Convention and the Paris Agreement.

article thumbnail

Sounding Green vs Being Green: How to finance sustainability?

HumanNature

Student in the Department of Economics at Colorado State University As the urgent need to take tough action towards climate mitigation and sustainability gathers pressure, for most major power-holders today, including the markets, institutions, government agencies, media and countries, environmentalism has perhaps become the biggest fashion fad.

article thumbnail

Sustainable Finance 101: The Impact of Climate Change on Your Money

Enviromental Defense

The 2007-8 financial crisis was caused by a housing bubble worth an estimated $250-500 billion. The report also indicates that under current government policies, fossil fuel production will rise in the coming years, contrary to the Paris Agreement. In 2022 , the Canada Pension Plan Investment Board (CPP) alone had $21.72

article thumbnail

No 3rd Runway at Vienna Airport Because Adverse Climate Impacts Outweigh Short-term Economic Benefits: Austrian Court (Updated)

Law Columbia

Plans for a third runway at the Vienna-Schwechat airport (pictured at right) were first submitted for review by the government of Lower Austria (one of Austria’s 9 regions) in March 2007. (Updated on June 29, 2017). The parties have six weeks to appeal the decision to Austria’s Constitutional Court.