CCRcorp Sites  

The CCRcorp Network unlocks access to a world of insights, research, guides and information in a range of specialty areas.

Our Sites


A basis for research and practical guidance focusing on federal securities laws, compliance & corporate governance.


An educational service that provides practical guidance on legal issues involving public and private mergers & acquisitions, joint ventures, private equity – and much more.


The “one stop” resource for information about responsible executive compensation practices & disclosure.

Widely recognized as the premier online research platform providing practical guidance on issues involving Section 16 of the Securities Exchange Act of 1934 and all of its related rules.


Keeping you in-the-know on environmental, social and governance developments

Right as I wrapped up the blog on financed emissions, this article from Bloomberg popped up that offers some potentially major support for the idea of trading financed emissions:

“The credit market’s appetite for high-carbon companies will soon be put to the test, with around $3.2 trillion of debt from commodities and utilities issuers due to be refinanced over the coming years. The figure represents more than half of all outstanding debt from carbon-intensive sectors and equates to a refinancing need of about $600 billion each year through 2030, according to findings provided by London Stock Exchange Group Plc. The issuers analyzed ‘may struggle to refinance maturing carbon-intensive debt,’ LSEG said. And if they do, they might ‘have to accept that investors may look for higher risk premia to compensate for taking on growing transition risk’…

Refinancing risk will also become a challenge for banks, said Samu Slotte, global head of sustainable finance at Danske Bank A/S. Oil and gas companies pose minimal credit risk in the short term; but in the longer term — if the pool of lenders willing to finance a high-carbon company starts to shrink — the remaining banks will have little choice but to roll over the company’s debt or potentially be saddled with losses, he said.”

Reducing credit/refinancing risk for this large a pot of money provides quite an incentive for financial engineering innovations – good or bad. I don’t have warm and fuzzies that trading financed emissions is a good thing, but Wall Street would love to at least try. It just feels like it could create perverse incentives to generate more emissions to trade for more money.

If you aren’t already subscribed to our complimentary ESG blog, sign up here: for daily updates delivered right to you.

Back to all blogs

The Editor

Lawrence Heim has been practicing in the field of ESG management for almost 40 years. He began his career as a legal assistant in the Environmental Practice of Vinson & Elkins working for a partner who is nationally recognized and an adjunct professor of environmental law at the University of Texas Law School. He moved into technical environmental consulting with ENSR Consulting & Engineering at the height of environmental regulatory development, working across a range of disciplines. He was one… View Profile