article thumbnail

COP26 – Trends in Latin America

Herbert Smith Freehills

As part of its Decarbonization Plan, Costa Rica is committed to reaching zero carbon emissions by 2050. Brazil also passed a gas law opening the LNG market to private companies, which faced criticism contending that using LNG to replace coal is not an effective strategy to reduce emissions. Ambiguous Approaches to Climate Change.

article thumbnail

COP26 – Trends in Latin America

Herbert Smith Freehills

As part of its Decarbonization Plan, Costa Rica is committed to reaching zero carbon emissions by 2050. Brazil also passed a gas law opening the LNG market to private companies, which faced criticism contending that using LNG to replace coal is not an effective strategy to reduce emissions. Ambiguous Approaches to Climate Change.

article thumbnail

COP27 and the UK energy sector – between a rock and a hard place

Herbert Smith Freehills

The UK's climate change agenda will be complicated by an energy market under intense pressure and policy in flux . In 2021 the UK enshrined in law a pledge to reduce emissions by 78% by 2035 (compared to 1990 levels), with an overarching commitment to reach net zero by 2050. UK CLIMATE COMMITMENTS.