About the draft Pan-European Code on climate and regulatory issues of green financing in the European Union

Occupation: Professor of Civil Procedural Law of Department of Civil Law and Civil Procedure and Private International Law, Law Institute, RUDN University
Affiliation: RUDN University
Address: Russian Federation, Moscow

Journal name

Gosudarstvo i pravo

Edition

Issue 5

Pages

96-107

Abstract

The article outlines the author’s view on a number of regulatory provisions that may be included in the draft European climate law. First of all, we are talking about the concept of “net zero emissions”, the indicators of which were fixed in 2019. in several countries of the European Union, including the UK and France. The author also gives an assessment of the European Green Deal (EGD) - a package of measures proposed by the European Commission on December 11, 2019, and containing a provision on the need to adopt a pan-European climate law. The author believes that the most accurate and substantive bills can be called: “Proposals for the content of the Pan-European Climate Law” submitted by B. Mariani, head of the European Climate Office, which contain adjustments to the current EU climate directives; “The draft Pan-European Climate Law” proposed by N. Mayer-Olendorf on January 14, 2020.

Keywords

European Union law, pan-European climate law, zero emissions, “green” financing, European “Green” Deal 2019

Acknowledgment

The reported study was funded by RFBR, project number 20-011-00270 “a”.

Received

13.02.2020

Publication date

22.06.2020

Number of characters

47828

Cite

GOST	Ermakova E. About the draft Pan-European Code on climate and regulatory issues of “green” financing in the European Union // Gosudarstvo i pravo – 2020. – Issue 5 C. 96-107 [Electronic resource]. URL: https://gospravo-journal.ru/S013207690009682-2-1 (circulation date: 26.04.2024). DOI: 10.31857/S013207690009682-2
MLA	Ermakova, Elena P "About the draft Pan-European Code on climate and regulatory issues of “green” financing in the European Union." Gosudarstvo i pravo 5 (2020):96-107. DOI: 10.31857/S013207690009682-2
APA	Ermakova E. (2020). About the draft Pan-European Code on climate and regulatory issues of “green” financing in the European Union. Gosudarstvo i pravo (5), pp.96-107 DOI: 10.31857/S013207690009682-2

100 rub.

When subscribing to an article or issue, the user can download PDF, evaluate the publication or contact the author. Need to register.

Number of purchasers: 0, views: 1357

Readers community rating: votes 0

1. Oganesyan T. Big "green" deal of the EU // Website of the journal STImul. 17.12.2019. URL: https://stimul.online/articles/sreda/bolshaya-zelenaya-sdelka-es/ (accessed: 16.01.2020) (in Russ.).

2. Report on the 25th UN conference on climate change (COP25) // PARS TODAY. 28.12.2019. URL: https://parstoday.com/ru/radio/world-i108408 (accessed: 18.01.2020) (in Russ.).

3. Legal foundations of anti-corruption: international and national standards and initiatives: in 2 vols. Vol. 1 / ed. by T. Ya. Khabrieva, R.A. Kurbanov. M., 2019. P. 413 (in Russ.).

4. Frolova E.E. Legal regulation of green Finance in China: successes and problems of development // The Eurasian law journal. 2019. No. 7. P. 104 (in Russ.).

5. Allerup J. Sweden’s Climate Act and Climate Policy Framework // Swedish Environmental Protection Agency. 12 December 2019. URL: http://www.swedishepa.se/Environmental-objectives-and-cooperation/Swedish-environmental-work/Work-areas/Climate/Climate-Act-and-Climate-policy-framework-/ (accessed: 09.02.2020).

6. Ambel C. (2020). T&E response to the climate law consultation // Transport & Environment (T&E). February 2020. URL: https://www.transportenvironment.org/sites/te/files/publications/2020_02_TE_consultation_response_Climate_Law.pdf (accessed: 09.02.2020).

7. Bruhin A. et al. The Swedish Climate Act// BEACON. 5 December 2018. URL: https://www.euki.de/wp-content/uploads/2019/09/20181205_SE_Swedish-Climate-Act_Study.pdf (accessed: 10.02.2020).

8. Communication and roadmap on the European Green Deal (Коммюнике и «Дорожная карта» по Европейской «зеленой» сделке). Официальный сайт Европейской Комиссии. «Зеленая» сделка. URL: https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal_en (accessed: 14.01.2020).

9. Dudin M.N., Frolova E.E., Artemeva Yu. A. and others. Problems and perspectives of BRICS countries transfer to “green economy” and law-carbon energy industry // International Journal of Energy Economics and Policy. Vol. 6. 2016. № 4. P. 714–720.

10. Dudin M.N., Frolova E.E., Kucherenko P.A. and others. China in innovative development of alternative energy advanced industrial technologies // International Journal of Energy Economics and Policy. Vol. 6. 2016. № 3. P. 537 - 541.

11. Dudin M.N., Frolova E.E., Protopopova O.V. and others (2019). Study of innovative technologies in the energy industry: nontraditional and renewable energy sources // Entrepreneurship and Sustainability Issues. Vol. 6. 2019. № 4. P. 704–1713.

12. Duwe M. et al. (2020). Climate Laws in Europe. Good Practices in Net-Zero Management // European Climate Foundation. URL: https://europeanclimate.org/content/uploads/2020/02/04-02-2020-climate-laws-in-europe-full-report.pdf (accessed: 07.02.2020).

13. Harvey F., Rankin J. Proposed EU-wide 'climate law' would set net-zero carbon target by 2050. Plan is part of ‘green new deal’ but campaigners say it is not enough to tackle climate crisis // Guardian News. 29 Nov, 2019. URL: https://www.theguardian.com/world/2019/nov/29/first-eu-wide-climate-law-to-set-net-zero-carbon-target-by-2050 (accessed: 09.02.2020).

14. Hook L. Madrid climate talks face ‘net zero’ challenge // The Financial Times. December 2, 2019. URL: https://www.ft.com/content/dbc841f2-bd10-11e9-9381-78bab8a70848 (accessed: 06.02.2020).

15. Mariani B. EEB’s reply to public consultation on Climate Law// European Environmental Bureau (EEB). 5 February, 2020. URL: https://mk0eeborgicuypctuf7e.kinstacdn.com/wp-content/uploads/2020/02/EEB-response-to-Climate-Law-consultation.pdf (accessed: 09.02.2020).

16. Meyer-Ohlendorf N. (2020). A European Climate Law – Draft 14 January 2020. URL: https://www.ecologic.eu/sites/files/publication/2020/climate-law-draft-ecologic-14012020-final.pdf (accessed: 11.02.2020).

17. Meyer-Ohlendorf N. (2019). A European Climate Law – What Should It Look Like? // Ecologic Institute. 1 December 2019. URL: https://www.ecologic.eu/sites/files/publication/2019/2159-a-european-climate-law.pdf (accessed: 06.02.2020).

18. Piticchio T. (2020). The integration and disclosure obligations on sustainability risks and factors in the UCITS and AIFs regulatory frameworks // EUROPEAN LAW BLOG. URL: https://europeanlawblog.eu/2020/01/31/the-integration-and-disclosure-obligations-on-sustainability-risks-and-factors-in-the-ucits-and-aifs-regulatory-frameworks/ (accessed: 02.02.2020).

19. Simon F. Timmermans kicks off debate over landmark EU “Climate Law” // EURACTIV.com. 28. 01.2020 г. URL: https://www.euractiv.com/section/energy-environment/news/timmermans-kicks-off-debate-over-landmark-eu-climate-law/ (accessed: 07.02.2020).

20. The European Green Deal – The Start of a Cross-Sectoral Revolution? // Bernard Energy. 2019. URL: http://bernardenergy.com/lastestdevelopments/european-green-deal-start-cross-sectoral-revolution/ (accessed: 20.01.2020).