Oscar Collins recently authored a piece for the Practical Law Arbitration Blog, “Linked emissions trading schemes: opportunities and risks.” The blog describes some of the risks that are emerging as a result of the proliferation and linking of emissions trading schemes.
Emissions trading schemes have become a popular tool in global efforts to tackle climate change. Increasingly, links are being created between national or subnational schemes in order to create larger and, arguably, more efficient trading markets. The blog is inspired by the recent establishment of the new UK emissions trading scheme and the uncertainty over any links it may have with the EU scheme in the future. In this context, the piece examines the inherent risks and uncertainties that arise in linked schemes and looks to a recent NAFTA claim against Canada as an indication of where market participants may find recourse if one scheme is abruptly delinked from another, or cancelled altogether.
Please click here to view the full blog.
ABOUT OSCAR COLLINS
Oscar, an associate in the firm’s London office, has experience in a number of significant investment treaty and commercial arbitrations conducted under a range of institutional rules, including ICC, LCIA, and ICSID. His experience spans a broad range of industry sectors, including oil and gas, construction, transport, and financial services. Oscar has acted on matters covering diverse geographic regions, including Central Asia, Eastern Europe, and the Middle East.
Oscar is admitted in England & Wales. He holds a first-class honours degree in English from University College London, and completed his legal studies at the College of Law, BPP, and the University of London.« Back