The following Environment practice note Produced in partnership with Navraj Singh Ghaleigh of Senior Lecturer in Climate Law, University of Edinburgh provides comprehensive and up to date legal information covering:
As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. This has an impact on this content.
For further guidance, see Practice Note: Brexit—impact on environmental law and News Analysis: Brexit Bulletin—key updates, research tips and resources.
The pricing of carbon internationally, especially by emissions trading schemes (ETS), has become significantly more widespread in recent years. Previously concentrated in the EU, since 2012 the number of carbon pricing instruments has increased globally from 20–38, tripling its coverage to about half the emissions in regulating states and regions. ETS cover 8% of global emissions or 4.7 GtCO2e (ie four point seven billion metrics tonnes of carbon dioxide, and equivalent gases). Of these the EU Emissions Trading System (EU ETS) is the largest by volume, covering 2 GtCO2e. The seven Chinese pilot emissions trading schemes are approximately half that size at 1 GtCO2e, and the various US schemes total 0.5GtCO2e. .
Experiments with emissions trading started in the US in the 1970s and 1980s in the context of action against ‘acid rain’ and sulphur dioxide (‘SOx’) rather than climate change. The resultant Clean Air Act Amendments of 1990 (104 Stat. 2468, P.L. 101-549) (the Act) created the
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This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors.This
This Practice Note examines the doctrine of consideration and the key role it plays in English law in determining whether a contract is enforceable.A promise will only be capable of being contractually enforced if it is either made in a deed or made in exchange for something of value, known as
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Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to the gains and losses of intangible fixed assets. Note, however, that certain intangible fixed assets are excluded from the regime, see Practice Note: Excluded intangible fixed
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