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Do ESG Mutual Funds Deliver on Their Promises?

Corporations have received growing criticism for their role in climate change, perpetuating racial and gender inequality, and other pressing social issues. In response, shareholders are increasingly focusing on environmental, social, and corporate governance (ESG) criteria in selecting investments, and asset managers are responding by offering a growing number of ESG mutual funds. But are these funds giving investors what they promise? This Article provides a unique picture of the current ESG environment with an eye to informing regulatory policy.

Analysis of Environmental Law Scholarship 2021-2022

The Environmental Law and Policy Annual Review (ELPAR) is published by the Environmental Law Institute’s (ELI’s) Environmental Law Reporter in partnership with Vanderbilt University Law School. This Comment highlights the results of the ELPAR article selection process and reports on the environmental legal scholarship for the 2021-2022 academic year, including the number of environmental law articles published in general law reviews versus environmental law journals, and the topics covered in the articles.

Federal Environmental Justice Legislation and Regulations

With passage of the Inflation Reduction Act and Water Resources Development Act of 2022, the statutory landscape has changed to reflect the Biden Administration’s emphasis on environmental justice. On February 27, 2023, the Environmental Law Institute (ELI) and ELI’s Pro Bono Clearinghouse co-hosted a panel of experts who explored how communities can leverage the statutory changes that have taken place, what decisions have been left up to agencies, and how proposed legislation, like the Environmental Justice for All Act, will affect future environmental justice efforts.

Ensnared: 21st-Century Aquaculture Law and the Coming Battle for the Ocean

As overfishing has depleted wild fisheries, U.S. policymakers have pushed aquaculture as an ideal paradigm for ocean fisheries. However, the public perception and myths of finfish commercial aquaculture are far from its reality. This Article examines the industrial aquaculture debate through the lens of Gulf Fishermens Ass’n v. National Marine Fisheries Service, where conservationists and fishermen challenged the first-ever rulemaking to set up a new aquaculture industry in U.S. federal waters.

Annual Review of Chinese Environmental Law Developments: 2022

In China, the year 2022 witnessed the further evolution of environmental protection and development of legislation and rulemaking. This mainly included adoption of the Black Soil Protection Law and the Yellow River Protection Law, as well as revision of the Animal Husbandry Law and the Wildlife Protection Law. This Comment summarizes some of the year’s major developments.

Regulating Biological Contamination at the Final Frontier

A robust and growing commercial space sector is moving ahead at warp speed. While the industry today primarily offers satellite and launch services, tomorrow will bring manufacturing, research and development, resource extraction, and space tourism. What do these developments mean for the earth’s biosphere, as well as for the environments of other celestial bodies finally within humanity’s reach? This is the role of planetary protection, the principle of safeguarding both terrestrial and extraterrestrial environments from humanity’s propensity for introducing pollution into any habitat.

Sustaining Coastal Wetlands

More severe storms and rising sea levels resulting from a changing climate pose a threat to ecosystems along the U.S. coast. These include beaches, dunes, wetlands, and marshes, which provide significant environmental, recreational, and economic benefits. Practices to sustain these ecosystems are available, but are not well understood, face legal and financial obstacles, and have not been widely implemented. On January 19, 2023, the Environmental Law Institute hosted a panel of experts who explored measures and practices for sustaining coastal wetlands in the face of a changing climate.

Driving Transformation: Tax Strategies for Electrifying Light-Duty Transportation

As noted by the International Energy Agency, taxation is a necessary component of strategies to increase adoption of electric vehicle (EV) technology. In the United States, taxation has supported the energy policy of increased uptake of EVs. This Article focuses on the evolving U.S. tax policy, highlighting the 2022 Inflation Reduction Act. It addresses continuing challenges and ways to meet those challenges, including examining some European policies for encouraging EVs. The author concludes by recommending policies that may be consistent with existing U.S.

Protecting Nuclear Power Plants During War: Implications From Ukraine

Prior to Russia’s invasion of Ukraine, the direct targeting of nuclear power plants (NPP) was largely unimaginable in armed conflict. International humanitarian law (IHL) requires their protection, but since February 2022, Russia has directly targeted nuclear facilities, including the nonoperational Chornobyl NPP and the operational Zaporizhzhia NPP. This Article documents how NPPs in Ukraine have come under direct attack, been occupied, and used for military purposes.