Damages Valuation In Climate Change Disputes

The 2015 Paris Agreement signed by 189 countries represents the most significant milestone achieved in the fight against Climate Change. Based on the Intergovernmental Panel on Climate Change (IPCC) report, commitments were taken to reduce carbon emissions to limit global warming to 1.5°C above the pre-industrial level.

Achieving this objective means structural changes in policies affecting the global economy, especially for carbon-intensive sectors like energy and transport. Although the Covid-19 crisis may delay or postpone some of these structural reforms, some commentators expect that it will reinforce the focus on Climate Change and Energy Transition, with potentially more reforms introduced.