Cadwalader Climate

This week, we discuss the first settlement between a state and a group of young plaintiffs who claimed that their government's inadequate climate policies violated their constitutional right to a healthy environment. We discuss the Grantham Institute's report on 2023 trends in climate litigation, a topic that permeates the majority of issues in this publication. The EU deploys a further €3 billion to fund projects which aim to modernize energy systems to reduce greenhouse gas emissions in the energy, industry and transport sectors, and the International Capital Markets Association (ICMA) publishes guidance to support two areas of issuance in respect of green bonds and the financing or refinancing of sustainability-linked loans within the structure of a bond.