4 Potential Impacts of the Groundbreaking Decision in the Dutch Climate Case
Three Dutch judges sent a shock wave around the world on Wednesday when they ordered the government of the Netherlands to act on climate change by making deep cuts in greenhouse gas emissions by 2020.
With oil, gas, and coal companies still among the world’s most richly valued assets, that may seem hard to imagine. But the Dutch court case is a clear signal “to people who are investing in the 20th century instead of the 21st that the legal risks of investing in fossil fuels are only going to increase,” Moffett said.
His words echoed another expert’s statement; Bill Hare of Climate Analytics told The New York Times that the ruling “has the potential to become a precedent whose effect will ultimately flow through to undermining the markets for coal, oil, and gas.”