Legal and business insights for impact-driven changemakers
March 22, 2024 - Resources

Climate Links: 3/22/2024

MoFo’s weekly Climate Links provide the latest industry updates from thought leaders and third-party sources. This week:

World’s first-ever global emissions tax takes a step closer to reality

  • The International Maritime Organization held its latest round of negotiations to discuss how to move forward on the climate regulation of the shipping industry. “The UN is on the edge of adopting the world’s first-ever global emissions price, but the policy will only be as successful as countries make it to be,” said Sandra Chiri, shipping emissions international outreach manager at the Ocean Conservancy.

Challenges to SEC’s climate rules sent to conservative-leaning U.S. appeals court

  • A U.S. judicial panel consolidated at least nine lawsuits challenging the U.S. Securities and Exchange Commission’s new rules requiring public companies to report climate-related risks in a venue favored by Republican-led states and a business group.

Senate-passed radiation legislation left out of House spending bill

  • A standalone bill to expand and reauthorize a 30-year-old radiation compensation program that passed the Senate with a filibuster-proof majority will not be included in the text of a House appropriations bill.

The week in climate policy: 5 updates you need to know

  • Court pauses SEC’s climate-disclosure rule, the DOE publishes the positive economic impact of its loan programs office, and more.

Disentangling the value of ESG scores and classification of sustainable investment products

  • Confusion surrounding ESG (environmental, social, and governance) data and mislabeling of sustainable investment products complicate adoption and regulation. The sophistication of investors and regulators is necessary for the proper consumption of ESG data and development of financial products.

How Data Science Can Help Fight Climate Change

  • In the fight against global warming, data science is a powerful tool. It uses different methods, such as machine learning (where computers learn from data) and data visualization (turning data into pictures), to analyze the details and understand the most challenging components of climate change.

ESG & Climate News: Unpacking the New EU Due Diligence Directive

  • Europe continued its leadership in sustainability policy with the approval of the Corporate Sustainability Due Diligence Directive (CS3D). The new policy requires companies to identify and mitigate adverse environmental and social impacts in their supply chains.