The worldwide focus on carbon dioxide and greenhouse gases (GHG) is intensifying, and changes to their regulations and policies at nearly every level of government and business have the potential to broadly impact our lives and livelihoods. Our global, cross-practice team of lawyers has decades of experience in energy transition and renewables, carbon capture, storage and transportation, carbon trading, and commodity and derivatives regulation, and regularly works with entities engaged in the carbon market.
Whether viewed through the lens of decarbonization or carbon as a commodity asset, we see increasing efforts to manage and regulate carbon. Global efforts are underway to:
Transition the energy system and amplify the use of renewable energy.
Develop and deliver alternative no- and low-carbon fuels.
Regulate the emissions of GHG from industrial activities.
Establish markets where carbon credits are sold on a voluntary or mandatory basis.
Capture, transport, and sequester carbon dioxide in nature-based systems, in geological structures, or in commercial products.
Commoditize the value of sequestered carbon in transactable credits.
Standardize and verify the sequestration of carbon dioxide.
Develop liquid derivatives markets to allow for efficient hedging and exposure to voluntary carbon markets.
Unlike other commodities, the commercial, regulatory, and policy frameworks for managing, regulating, and transacting carbon are still evolving. Through our fully integrated, global platform, we work seamlessly across practices and jurisdictions to provide tailored legal solutions in insurance coverage, intellectual property, tax, policy advocacy, environmental, corporate, commercial, regulatory enforcement, and dispute matters to help our clients harness opportunities, minimize risk, and achieve their ultimate goals and objectives.
On 2 April 2025, President Trump announced a series of “reciprocal” tariffs on US imports from all countries. The tariffs apply at different rates by country, starting at a baseline of 10% and reaching as high as 50%.
The Hon. Jim Chalmers MP, Federal Treasurer and the Hon. Clare O'Neil MP, Minister for Housing, Minister for Homelessness issued a joint media release on 16 February 2025 titled "Albanese Government clamping down on foreign purchase of established homes and land banking".
On 19 March 2025, the US Equal Opportunity Commission and Department of Justice issued two technical assistance documents clarifying what workplace diversity, equity, and inclusion programs and practices the federal agencies may consider to be “discriminatory.”
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