Climate Change Regulation 2026

PORTUGAL

Portugal

Spain

Law and Practice Contributed by: Assunção Cristas, Catarina Pinto Correia and Carolina Vaza VdA

Lisbon

Contents 1. Multilateral and Regional Regimes p.79 1.1 Multilateral Climate Change Legal Regime p.79 1.2 Regional Climate Change Legal Regimes p.79 2. National Policy and Legal Regime (Overview) p.80 2.1 National Climate Change Policy p.80 2.2 Constitutional Framework for the National Legal Regime for Climate Change p.81 2.3 National Legal Regime p.81 2.4 Key Policy/Regulatory Authorities p.83 2.5 Bilateral/Multilateral Co-Operation Under the Paris Agreement p.84 2.6 Climate Litigation p.85 3. Responses to International Developments p.85 3.1 Voluntary Carbon Markets p.85 3.2 Carbon Pricing and Trade Impacts p.87 4. Liability for Climate Change and ESG Reporting p.87 4.1 Liability for Climate Change and ESG Reporting p.87 4.2 Directors’ Climate Change Liability p.88 4.3 Shareholder or Parent Company Liability p.88

4.4 Social Context p.89 5. Transactions p.89 5.1 Due Diligence p.89 6. Climate-Friendly Investment Support p.90 6.1 Renewable Energy p.90 6.2 Other Support p.91

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