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ARTICLE · 04 JULY 2024

Cadwalader Climate

Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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Hogan Lovells Cadwalader

Hogan Lovells Cadwalader

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In this week's edition of Cadwalader Climate, we discuss the EU's final approval of the long-awaited – and highly debated – Nature Restoration Law.

United StatesEnvironment
Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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In this week's edition of Cadwalader Climate, we discuss the EU's final approval of the long-awaited – and highly debated – Nature Restoration Law. Staying on theme, we discuss the European Council's agreement to adopt another anticipated environmental regulation – the Green Claims Directive. We also discuss the Brazilian federal police's Operation Greenwashing, which resulted in arrests over fraudulent carbon credit schemes involving illegal timber trade.

EU Nature Restoration Law Receives Long-Awaited Approval

On June 17, 2024, the European Council voted to adopt the delayed EU Nature Restoration Law obligating Member States to reverse environmental and ecosystem damage to land and seas in their jurisdictions. Member States are required to adopt National Restoration Plans that set out the measures they will take to restore and reverse damage, submitting their first plans to the European Commission within two years of the law coming into force (so by mid-2026).

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