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Companies lie at the heart of the climate crisis and are both culpable for, and vulnerable to, its impacts. Rising social and investor concern about the escalating risks of climate change are changing public and investor expectations of businesses and, as a result, corporate approaches to climate change. Dominant corporate norms that put shareholders (and their wealth maximization) at the heart of company law are viewed by many as outdated and in need of reform. Companies and Climate Change analyzes these developments by assessing the regulation and pressures that impact energy companies in the UK, with lessons that apply worldwide. In this work, Lisa Benjamin shows how the Paris Agreement, climate and energy law in the EU and the UK, and transnational human rights and climate litigation, are regulatory and normative developments that illustrate how company law can and should act as a bridge to progressive corporate climate action.
This comprehensive, current examination of U.S. law as it relates to global climate change begins with a summary of the factual and scientific background of climate change based on governmental statistics and other official sources. Subsequent chapters address the international and national frameworks of climate change law, including the Kyoto Protocol, state programs affected in the absence of a mandatory federal program, issues of disclosure and corporate governance, and the insurance industry. Also covered are the legal aspects of other efforts, including voluntary programs, emissions trading programs, and carbon sequestration.
This timely and incisive book combines an introduction to the core legal and policy issues presented by climate change with a deeper analysis of decisions that will define the path forward. Offering a guide to key terms, concepts, and legal principles in the field, this book will help readers develop a sophisticated perspective on issues central to climate change law and policy.
Taking a sweeping look at the current and proposed legal aspects of coping with climate change, this is a comprehensive resource of laws aimed at increasing resilience and reducing vulnerability to climate change. Written by authorities from private practice, government, and academia, this compendium examines the legal aspects of coping with climate change, both in the United States and around the world. Topics include water, energy, building and infrastructure, public lands, coastal issues, species and ecosystem impacts, disaster preparedness, and critical international issues.
A perfect introduction to climate change law, this textbook offers students and scholars an overview of the international law governing this fundamental issue. It demonstrates how to interpret the language used in the applicable instruments and conventions, and sets climate change law in its broader international legal context.
This Handbook discusses the main issues, research, and theory on business and the natural environment, and how they impact on different business functions and disciplines
This book comprehensively assesses the law and science of climate change, as well as the policy choices for responding to this global problem. Given the all-encompassing reach of climate change, Climate Change and the Law allows students to study how the many different areas of law-public international law, public administrative law, federal environmental law, state and municipal regulations, and the common law-can be implicated in addressing a major social issue. This textbook thus provides students with an integrated experience to study law and an understanding of the many climate-related challenges facing the next generation of lawyers. The book begins by exploring the international climate change regime, including a detailed investigation of emissions trading and the controversial regime for reducing greenhouse gas emissions through land use and forest management practices. It also explores options for a future international agreement in light of calls to reduce emissions by as much as 80 percent. The book also addresses how other international agreements can help spur climate change mitigation or adaptation, exploring, for example, whether petitions to list World Heritage Sites as endangered due to climate change and petitions to declare climate change a violation of human rights will advance global efforts to reduce greenhouse emissions. The second edition of Climate Change and the Law has been updated to include the following: The updated scientific findings, including information from the Fifth Assessment Report of the Intergovernmental Panel on Climate Change. The decisions of the Parties to adopt a second commitment period to the Kyoto Protocol. A discussion of the new rules for accounting emissions from forests and land use change under the Kyoto Protocol. An update on the climate negotiations after the Copenhagen Accord, including negotiation of and implementation of the Cancun Agreements. The state of play with regard to negotiations to build a new climate regime to take effect in 2020. A focus on short-lived climate forcers such as methane and HFCs in a range of multilateral forums, including the International Civil Aviation Organization and the Arctic Council. An expanded treatment of adaptation, particularly at the federal level in the United States. A discussion of the U.S. EPA's efforts to value the social cost of carbon. An updated overview of the U.S. approach to climate change since the 1970s. An expansive discussion of the U.S. EPA's regulation of greenhouse gases under the Clean Air Act, including regulations and case law related to vehicle emissions and stationary source emissions. A discussion of revisions to the Corporate Average Fuel Economy (CAFE) standards and Renewable Fuels Standards. A reorganized discussion of energy policy, with a focus on renewable portfolio standards, net metering, feed-in tariffs, and the Public Utility Regulatory Policies Act (PURPA). New information about states' implementation of the Regional Greenhouse Gas Initiative and California's preliminary experience with its cap-and-trade program. This book also is available in a three-hole punched, alternative loose-leaf version printed on 8.5 x 11 inch paper with wider margins and with the same pagination as the hardbound book.
This book provides an analysis of the impact of the climate crisis on corporate law and theory in the coming decades as the world seeks to meet the target of net zero carbon emissions by 2050. Net zero targets are a particular challenge for an economy such as Australia which has a historical reliance on fossil fuels, and powerful interests arguing for the continued use of coal and gas. The book examines four recent corporate case studies in Australia. The first two follow the Adani group of companies and coal in Queensland and Rio Tinto and the destruction of ancient rock shelters in the midst of iron ore mining in WA. The book then covers the pension fund member Mark McVeigh, issuing proceedings against REST super in relation to long-run investment decisions and the need to take into account climate risk. Finally, it discusses Sharma, a representative action taken by school children against the Federal government in relation to expansion plans in relation to fossil fuels alleging breach of the duty of care. These case studies highlight some of the key trends and challenges in the intersection between corporate activity and the need to account for climate risk and adaptation, with Australia as a G20 economy having much to contribute to the global debate. The book will be of interest to students and researchers in the field of climate and environmental law, as well as corporate law and theory.
A revelatory study of how climate change will affect individual economic decisions, and the broad impact of those choicesSelected by Publishers Weekly as one of its Top Ten books in Business and Economics for Spring 2021 It is all but certain that the next century will be hotter than any we’ve experienced before. Even if we get serious about fighting climate change, it’s clear that we will need to adapt to the changes already underway in our environment. This book considers how individual economic choices in response to climate change will transform the larger economy. Using the tools of microeconomics, Matthew E. Kahn explores how decisions about where we live, how our food is grown, and where new business ventures choose to locate are impacted by climate change. Kahn suggests new ways that big data can be deployed to ease energy or water shortages to aid agricultural operations and proposes informed policy changes related to public infrastructure, disaster relief, and real estate to nudge land use, transportation options, and business development in the right direction.