Carbon markets and emissions trading
International carbon markets can play a key role in reducing global GHG emissions cost-effectively.
The number of emissions trading systems around the world is increasing. Mechanisms under the Paris Agreement will assist countries and regions linking emissions trading systems and outcomes over time.
We have been at the forefront of the development and implementation of carbon markets for almost 20 years. Our global climate change and sustainability practice has extensive experience advising clients across all key environmental and carbon markets, including the European emissions trading system, previous markets under the Kyoto Protocol and emerging ones under the Paris Agreement, and the various voluntary schemes in existence.
We are considered preeminent advisors to project developers, landholders, service providers, government and other stakeholders participating in voluntary and compliance carbon markets and we continue to work at the forefront of carbon trading activity.
“The firm works across a range of clients with carbon projects. They have a range of experience to draw on when providing advice.” Chambers Global 2021: Global-Wide Climate Change
“The team is "very involved in the carbon market and is very supportive in this space, providing a lot of experience and contribution.” The source adds: "They are very good on market trends and issues." Chambers Global 2021: Global-Wide Climate Change
Forest Carbon nature bond
Nature-based global emissions offset futures contracts are a new type of standardized futures contract being offered on the Chicago Mercantile Exchange that can be used by companies to lock in the cost of carbon offset credits that they expect to need to offset future carbon emissions.
Environmental update | August 2021
Here are the key takeaways from the latest comprehensive climate update that the United Nations Intergovernmental Panel on Climate Change—called the IPCC—released in early August. The new report distils 14,000 individual studies and has more than 200 authors.
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.
Banco Santander, S.A. advised on US$22.3m ECA-backed financing
Norton Rose Fulbright represented Banco Santander, S.A. in the closing of a US$22.3 million ECA-backed loan to Brazilian utility company Eletronuclear.
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.