Climate litigation in financial markets: a typology

Solana, J. (2020) Climate litigation in financial markets: a typology. Transnational Environmental Law, 9(1), pp. 103-135. (doi: 10.1017/S2047102519000244)

Abstract

Over the past few years, the number of climate cases being filed against corporations and public authorities around the world has been on the rise. Aware of the central role of finance in economic development, the financial sector has remained vigilant. Traditionally, climate litigation in financial markets had been rare, but that seems to be changing: in 2018 there were more cases filed than in any previous year. The development of existing and forthcoming private and public sector initiatives with the aim of promoting sustainable finance may usher in even greater numbers in the next few years. This article provides the first systematic overview of climate cases in financial markets and introduces a typology to classify this type of climate case. This classification reveals common issues across different financial systems and raises questions for further enquiry that define a new research area within the emerging literature on climate litigation.

• Item Type: Articles
• Status: Published
• Refereed: Yes
• Glasgow Author(s) Enlighten ID: Solana, Dr Javier
• Authors: Solana, J.
• College/School: College of Social Sciences > School of Law
• Journal Name: Transnational Environmental Law
• Publisher: Cambridge University Press
• ISSN: 2047-1025
• ISSN (Online): 2047-1033
• Published Online: 06 November 2019
• Copyright Holders: Copyright © 2019 Cambridge University Press
• First Published: First published in Transnational Environmental Law 9(1):103-135
• Publisher Policy: Reproduced with the permission of the Editor