Lexis PSL Environmental Law News Podcast – September 2019

Lexis PSL Environmental Law News Podcast – September 2019

Welcome to the September 2019 environmental law news podcast. In this podcast, Christopher Badger of 6 Pump Court takes us through the following environmental law updates:

  • The end of austerity and what this means for the environment
  • News that Glasgow will host the COP 26 climate summit
  • Mark Carney’s calls for climate risks and resilience to be brought into the heart of financial decision making

To listen to the podcast, click here.

The end of austerity and what this means for the environment – listen from 0.33 mins

In part one of the podcast, Chris discusses Sajid Javid, Chancellor of the Exchequer’s ‘Spending Round’ speech, delivered on 4th September, picking out the key environmental headlines, such as:

  • DEFRA is to be given £432 million of funding to set ‘world leading environmental standards’
  • £30 million will be available to tackle air quality issues
  • £30 million is to be provided for biodiversity, including expansion of the Blue Belt programme
  • Funding for BEIS to meet net zero commitments

Chris also highlights environmental commitments made by the Labour Party at their national conference and adds commentary provided by the CBI.

Glasgow to host the COP 26 climate summit – listen from 3.47 mins

On 10 September, the UK government announced that it had received international backing to host the COP 26 climate summit in 2020 in Glasgow. The event will bring together over 30,000 delegates from around the world, including climate experts, business leaders and citizens to agree ambitious action to tackle climate change.

In this second part of the podcast, Chris discusses this announcement against the context of the current UN climate summit in New York.

Mark Carney’s calls for climate risks and resilience to be brought into the heart of financial decision making – listen from 6.06 mins

On 24 September 2019, the Bank of England (BoE) published two speeches given by Mark Carney, Governor of the BoE, in which he calls for climate risks and resilience to be brought into the heart of financial decision making.

In this final item for this month’s podcast, Chris summarises what Mr Carney has stated must happen in order to achieve this step change. He highlights change is needed in three areas including disclosure, risk management and returns.

Environmental social governance and improved corporate reporting are becoming an increasingly important area of corporate governance, even if it may be felt that effective regulation and mandatory requirements in this area are still lacking. 

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About the author:

Simone is an environmental law specialist and is head of LexisPSL Environment.

Simone moved to LexisNexis from Clyde & Co where she trained. Whilst at Clyde & Co Simone gained experience in contentious work, including large scale arbitrations, private claims and regulatory breaches, and a variety of non-contentious issues. Some of her experience includes the EU Emissions Trading System, the domestic Carbon Reduction Commitment Energy Efficiency Scheme, environmental due diligence, Energy Performance Certificates, permitting requirements and contaminated land.

Simone has written a number of articles, which have been published in various journals and is a trustee of the United Kingdom Environmental Law Association (UKELA).