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Climate change-related litigation risks have the potential to act as both a material driver, and consequence, of the energy transition (or ‘ET’).

This report, published in partnership with Minter Ellison, offers a general taxonomy of litigation risks that may catalyse, and/or result from, the transition. It proposes eight categories of claim, grouped within three broad classes:

  1. Failure to mitigate claims seeking to establish liability for emissions and/or associated climate change impacts;
  2. Failure to adapt (including failure to report or disclose) – claims deriving from commercial failures to risks associated with climate change into account, and/or to accurately disclose related exposures;
  3. ET-specific regulatory compliance – claims arising from laws and standards introduced to implement energy transition policies, and related consumer protection law claims.

2DII today announced it is transferring stewardship of the Paris Agreement Capital Transition Assessment (PACTA) to RMI, formerly Rocky Mountain Institute. PACTA measures financial portfolios' alignment with various climate scenarios, including those consistent with the Paris Agreement. Under RMI’s stewardship, PACTA will remain a free, independent, open-source methodology and tool, and will continue to provide the financial and supervisory community with forward-looking, science-based scenario analysis to help users make climate-aligned financing decisions. RMI will invest in scaling up PACTA’s usability and applicability in day-to-day investment decisions as well as reporting requirements.

Access the full press release here: https://2degrees-investing.org/2-investing-initiative-transfers-stewardship-of-pacta-to-rmi/In the coming weeks, we will update this website with additional information. For now, please note that all contact information remains unchanged.