| Law Firm: | Allen & Overy LLP |
|---|---|
| Office: |
Allen & Overy LLP One Bishops Square E1 6AD |
| City: | London |
| Country: | England |
| Tel: | +44 20 3088 3067 |
| Fax: | +44 20 7330 9999 |
| Email: | owen.lomas@allenovery.com |
Climate change is rarely out of the headlines these days, and has won a firm place on the political agenda. There is little serious dispute that action should be taken to reduce the levels of greenhouse gases in the atmosphere and avoid the risk of severe consequences from climate change. There is considerably less agreement on exactly how to balance the need to reduce emissions with a desire for economic growth and high standards of living. This article looks at the new regulatory environment in the EU emerging from this tension.