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Principles on Climate Obligations of Enterprises 2nd ed

Edited by: Jaap Spier

ISBN13: 9789462361683
Previous Edition ISBN: 9789462368088
Published: November 2020
Publisher: Eleven International Publishing
Country of Publication: The Netherlands
Format: Paperback
Price: £34.50



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Climate change is the most important challenge humankind ever faced. GHG emissions must be reduced at great pace and to a significant extent to keep global warming below fatal thresholds. This can only be achieved if the obligations of major players are sufficiently clear.

The Principles on Climate Obligations of Enterprises’ main focus is on the obligations of enterprises. They identify the reduction obligations, and articulate a series of related obligations. The Principles aim to provide a legal basis for active investment management and engagement geared at stimulating enterprises to comply with their legal obligations.

This edition also contains obligations of accountants, credit rating agencies, (re)insurers and attorneys. An extensive commentary explains the Principles and their legal underpinning.

The members of the Expert Group are: Jaap Spier, Bastiaan Kock, Brian J. Preston, Daniël Witte, Thomas Pogge, Philip Sutherland, Yann Aguila, Jörg Fedtke, Miquel Martin Casals, Qin Tianbao, Eva Schulev-Steindl, Jim Silk, Jessica Simor, and Elisabeth Steiner.

Subjects:
Environmental Law
Contents:
PREFACES
TEXT OF THE PRINCIPLES
GENERAL COMMENTARY
1. Members of the group
2. Our website
3. Concerned, and unprepared: the known knowns
4. Concerned and allegedly prepared
5. Ignorance
6. From global warming to climate crisis
7. Why an update?
8. The purpose of the Principles
9. Promising initiatives
10. Why an emphasis on the corporate sector?
11. Key features: general observations
12. Key features: more emphasis on activities, products and services
13. Key features: obligations of players in a position to bring about; tangible change
14. Unwilling to take action: the costs are too high?
15. Vague Principles, laudable Declarations, but concretisation important
16. Principles as concrete as possible
17. A special regime for fossil fuel enterprises?; 18 Attribution of GHG emissions; 19 A circular economy?; 20 The 2050 paradigm: aligning with the Paris Agreement: hoping for a bright future
21. Let us focus on what needs to be done in the ten years to come
22. Legal basis
23. Not one size fits all
24. Not all or nothing
25. No bullet proof interpretation
26. Bold interpretation in case of doubt?
27. Gap filling obligations
28. The law as a living instrument
29. Role of courts
30. Climate change and the other sustainability goals
31. The temporal effect of the update
COMMENTARY TO THE PRINCIPLES
Use of the previous version of the commentary
Finally
Bibliography
Case law