When the Netherlands’ highest court upheld a lower judgment compelling the Dutch government to take stronger action to curb climate change in 2019, it seemed like a new dawn for climate action. To heed the judge’s order requiring the government to slash the country’s greenhouse gas emissions by 25% compared to 1990 levels, Dutch officials adopted a law that would phase out the burning of coal for electricity generation by 2030.

But in February of 2021, Europe’s largest carbon emitter, RWE, filed a €1.4 billion arbitration claim against the Dutch government over the lack of compensation provided under the phaseout bill for the closure of the German energy giant’s local power plant. In April, Uniper, another large German energy company, filed a similar claim, seeking €2.6 billion in compensation.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]