Partners Jennifer Josefson, Christina Renner, and Levi McAllister, along with associate Maciej Bernard Plotka and legal consultant Alexandra Rotar, co-authored a Law360 Expert Analysis article discussing the establishment of a United Nations–managed global carbon market at the most recent Conference of the Parties (COP) held in Baku, Azerbaijan.
The article provides an overview of the Paris Agreement Crediting Mechanism (PACM), the standards for methodologies and removals under the PACM, and the adoption of a sustainable development tool and appeals procedure. The authors also provide key takeaways.