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Building long-term integrity in the voluntary carbon market
In recent years, an important question has arisen in relation to the voluntary carbon market (VCM) as it continues to expand: How do we elevate and maintain its integrity?
United States | Publication | December 17, 2021
Los Angeles officials have announced the legislative launch of a "community engagement process" in pursuit of the city's building decarbonization policy, a principle outlined in the LA Green New Deal.
Mayor Eric Garcetti claims that "[d]ecarbonizing our buildings will make it possible for us to reduce Angelenos' utility bills and create thousands of green jobs." How these goals will be achieved is not specifically described. The city's buildings purportedly account for 43 percent of all carbon emissions produced in the region. Virtually all residents' energy and transportation costs have risen steadily over recent years as they are called upon to pay higher prices (often the highest in the nation) for electricity, natural gas, water, sewer, sanitation services and gasoline. The city has set a notional deadline of 2035 to convert to "100 percent clean energy."
In November 2021, the Los Angeles Department of Transportation announced it had been awarded a US$6 million grant by the California Energy Commission to install one of the largest EV fleet charging systems in the country. It will be powered by a solar microgrid.
Norton Rose Fulbright is at the forefront of counseling clients on the real estate, infrastructure and other legal implications of the LA Green New Deal, and we encourage you to contact us to discuss the effect of these issues on your business and facilities.
Publication
In recent years, an important question has arisen in relation to the voluntary carbon market (VCM) as it continues to expand: How do we elevate and maintain its integrity?
Publication
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Publication
On 16 April 2024, the Hon Tanya Plibersek MP, the Minister for the Environment and Water (the Minister) announced progress on the package of reforms to the Environment Protection and Biodiversity Conservation Act 1999 (Cth) (EPBC Act).
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