Our Carbon Management and Climate Mitigation practice advises clients on their overall net-zero policies and climate commitments in light of evolving U.S., EU, and UK regulatory frameworks. With lawyers in offices around the world, we leverage our diverse knowledge across industries and practice areas to help companies navigate the complex global patchwork of mandatory and voluntary laws and regulations to achieve their carbon reduction goals and accelerate the transition to a low carbon economy.
Leveraging our extensive government and regulatory expertise, Covington provides first-rate strategic regulatory and policy advice and advocacy on environmental and climate change issues. We represent clients in some of the most complex and politically-challenging issues before state legislatures, Congress, and energy and environmental regulatory bodies. We have extensive experience advising companies in matters where regulatory proceedings bear on one another, and where legislative and regulatory advocacy can be implemented as part of the overall strategy.
We are deeply engaged in the legislative and rulemaking process at the state, national, and international level, and help clients – from the world’s largest emitters to climate-tech innovators – shape their future business and sustainability strategies. Our lawyers help companies assess and manage their climate impact and the carbon footprint of their products and supply chain, and clearly communicate their net-zero and sustainability strategy in response to increased public scrutiny and regulatory demands for more transparent carbon disclosure and action.
Drawing upon our team’s deep knowledge of voluntary carbon markets and the existing and emerging standards for carbon offsets, greenhouse gas emissions accounting and reporting, and climate risk disclosures, we help clients navigate the complex global compliance framework and mitigate risks.
In the dynamic regulatory environment where state, federal, and international climate change laws are evolving and enforcement priorities are shifting, we also assist clients with designing and implementing effective carbon and climate change adaptation and mitigation policies that keep pace with evolving legal requirements.
We assist clients on:
- Establishing and executing on a corporate net zero strategy in light of evolving global regulatory frameworks;
- Developing innovative approaches to assessing and reporting on the carbon lifecycle footprint of their products and services;
- Helping clients develop and implement creative strategies to support carbon dioxide removal (CDR) technologies, nature-based solutions and emission reductions throughout their supply chain.
- Advising on voluntary and mandatory carbon and climate-related disclosures, including SEC and related disclosure requirements in the U.S. and EU;
- Navigating and complying with carbon-driven trade, tariff, investment and “state aid” regulations;
- Helping advance significant emission reduction projects, including carbon capture utilization and storage (CCUS) and innovation in low carbon fuels, sustainable aviation fuel, and clean hydrogen;
- Monitoring and reporting on regulatory developments related to low-carbon opportunities;
- Identifying opportunities for partnership with clean technology companies, environmental justice organizations, and other stakeholders to advance corporate climate and sustainability objectives and leverage federal and state funding opportunities; and
- Liaising with regulatory authorities on standards and green claims.
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