The low carbon LNG market is evolving. Buyers and sellers of LNG are looking for new ways to accurately account for GHG emissions associated with the production of the LNG and its delivery.
Market players are developing various emissions accounting structures with the hope that they become a widely accepted industry standard, enabling a liquid trading market to develop in the future.
We are supporting clients as they seek to ensure that GHG emissions associated with the production of the LNG and its delivery is tracked. We work with our clients to develop new methodologies to enable the accurate reporting of the carbon footprint of cargoes to a buyer. This is a step toward markets where the carbon footprint of products is known and accounted for by all parties.
- IFLR Europe Deal of the Year: Restructuring award 2022
World’s first LNG sale and purchase agreement with carbon neutral ambitions
Financial Services Regulatory Developments in ESG
ESG is high on the regulatory agenda. Businesses, governments, regulators, financial services firms and individuals all have a part to play in tackling climate change and this view is increasingly shared across society.
A Boost to Integrity in the Voluntary Carbon Market
The Integrity Council for the Voluntary Carbon Market launches the Core Carbon Principles for the Voluntary Carbon Market
EU scales up green subsidies: How to benefit from support for clean investments
On March 9, 2023, the European Commission (EC) adopted changes to its State aid framework to support its “Green Deal Industrial Plan for the Net-Zero Age” (the Net Zero Plan) presented in February 2023. The Net Zero Plan is part of the European Green Deal, which aims to make Europe the world’s first climate-neutral continent by 2050.
Warsaw team advises Bank Polska Kasa Opieki on financing construction of Poland wind farm sponsored by ZE PAK
Global law firm Norton Rose Fulbright advised Bank Polska Kasa Opieki on financing construction of 9.6 MW Miłosław wind farm sponsored by ZE PAK located in Pałczyn, Miłosław Commune, wrzesiński poviat, wielkopolskie voivodeship in Poland.
London office advises Citi on structuring first-of-its-kind B2B payment solution for renewables marketplace
Global law firm Norton Rose Fulbright has advised global financial services firm Citi on structuring, in collaboration with Hokodo, a new B2B payment solution for renewable energy e-commerce marketplace Covento, which has been created by Vestas.
Warsaw team advises Bank Pekao on financing construction of PV portfolio sponsored by Lords LB
Global law firm Norton Rose Fulbright advised Bank Polska Kasa Opieki S.A. in relation to the financing construction of 67.7 MWp portfolio of 36 PV installations, sponsored by a leading Lithuanian inv...
Paris team advises lenders in an innovative borrowing base facility to support Gunvor’s carbon trading activities
Global law firm Norton Rose Fulbright advised MUFG bank (MUFG) and Natixis Corporate and Investment Bank (CIB) and two other international lenders, in the signing of an uncommitted borrowing base facility of up to €240 million to support trading activities on the European Union Emissions Trading System (EU ETS).
Warsaw team advises PGE Polska Grupa Energetyczna on PLN 2,3bn sustainability-linked financing
Global law firm Norton Rose Fulbright advised PGE Polska Grupa Energetyczna, on PLN 2,3bn (€490m) ESG financing.
Warsaw team advises fund managed by RGreen Invest on financing construction of PAD RES PV portfolio in Poland
Global law firm Norton Rose Fulbright advised RGreen Invest SAS on financing provided to PAD RES in relation to construction of a 76 MWp PV portfolio in Poland composed of 14 PV projects on a fully merchant basis.
Energy Transition Services
We are committed to helping our clients evolve and thrive as the world changes and would be delighted to discuss how we can help you.