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Experts release first-of-its-kind Principles on Climate Obligations of Enterprises

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Despite widespread agreement about the need to reduce greenhouse gas emissions and limit the effects of global warming, no legal instruments exist that provide a clear picture of the obligations of enterprises to curb their carbon output. Rather, the debate stays stuck in pledges on what all players must do. A group of leading legal experts now hope to change this with a new set of principles that map the concrete obligations of enterprises and investors in the fight against climate change. Known as the Principles on Climate Obligations of Enterprises, the document provides a legal framework for the obligations of enterprises. The Principles will be officially launched at the University of Amsterdam (UvA) on Thursday, 18 January at 13:00 (CET).

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