Tag: Paris Agreement

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K&L Gates Blockchain Energizer – Volume 17
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Paris Agreement to Enter into Force: Implications for Enforcement in the United States and Internationally

K&L Gates Blockchain Energizer – Volume 17

By Molly Suda, Buck B. Endemann, and Ben Tejblum

There is a lot of buzz around blockchain technology and its potential to revolutionize a wide range of industries from finance and health care to real estate and supply chain management. Reports estimate that over $1.4 billion was invested in blockchain startups in 2016 alone, and many institutions and companies are forming partnerships to explore how blockchain ledgers and smart contracts can be deployed to manage and share data, create transactional efficiencies, and reduce costs.

While virtual currencies and blockchain technology in the financial services industry have been the subject of significant debate and discussion, blockchain applications that could transform the energy industry have received comparatively less attention. Every other week, K&L Gates Blockchain Energizer will highlight emerging issues or stories relating to the use of blockchain technology in the energy space. To subscribe to the Blockchain Energizer newsletter, please click here.

IN THIS ISSUE

  • Energy Web Foundation Launches Public Test of Its Energy Blockchain Network
  • Pilot Project Launches to Use Energy Storage and Blockchain to Balance the Grid
  • At COP 23, the Climate Ledger Initiative Focuses on How Blockchain Can Support Paris Agreement
  • Blockchain Platform for Commodities Trading Under Development

To view more information on theses topics in Volume 17 of the Blockchain Energizer, click here.

Paris Agreement to Enter into Force: Implications for Enforcement in the United States and Internationally

By Ankur K. Tohan, Alyssa A. Moir, David L. Wochner, Cliff L. Rothenstein, and Christina A. Elles, K&L Gates

Global policy on climate change and greenhouse gas regulation is poised to take a significant step forward as the Paris Agreement (“Agreement”) enters into force just before international climate negotiations resume in Morocco next month. The 22nd “conference of the parties” (“COP-22”) will be held in Marrakech, Morocco, November 7 through 18, 2016, and will be the first time that parties to the Agreement gather after its ratification. Signatories to the Agreement include 191 countries and represent 95 percent of global greenhouse gas emissions. Now the hard work of implementing the Agreement begins. Parties are expected to start to reduce emissions under the Agreement in 2020, with a long-term goal of holding global temperature increase well-below 2 degrees Celsius. Meeting this goal requires steep reductions in carbon—for the United States, this will impact sectors of the economy that have not yet seen significant carbon regulation, such as oil refineries, cement makers, paper processers, chemical companies, and other manufacturers and will require continued reductions via the deployment of renewable energy, energy efficiency, decreasing use of hydrofluorocarbons and methane, and motor vehicle emissions regulations.

To read the full alert of K&L Gates HUB, click here.

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