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Energy & Climate Change

With more than 450 energy and climate change lawyers, including over 100 partners, the CMS Energy and Climate Change practice is one of the largest of its kind in the world. Led from its centres of excellence such as London and Aberdeen, the practice works across 75 offices globally. Our early work in designing and implementing modern energy markets and subsequently guiding the sector in the push to decarbonisation means CMS is not only a transactional or project adviser to the sector, but uniquely placed to help shape its present and future.

A key driver of the global economy, the energy and climate change sector is affected by geopolitical, economic and regulatory pressures. You require advisors who understand your industry and work with leaders of energy companies, regulators, governments, industry bodies and investors on the cutting edge of commercial, regulatory and risk issues in the sector.

Based across 15 jurisdictions in Central and Eastern Europe, we have been active in CEE since the beginning of the privatisation and liberalisation of the energy and climate change sector across the region. We have helped to shape the sector by advising on the most high-profile and ground-breaking projects and transactions over many years.

Our dedicated energy and climate change lawyers work in every part of the sector, including upstream and downstream oil & gas, electricity, nuclear and renewables. Whether you are a NOC, IOC, independent, electricity company, investor, government or financial institution, we have the energy and climate change specialists to meet all your strategic challenges globally.

Our multi-disciplinary teams were among the first to advise on ground-breaking global oil and gas M&A and on power projects in Europe, to establish a single electricity market in Northern Ireland and the Republic of Ireland, lead historic electricity industry reform in Mexico, and work on renewable energy projects globally.

The Energy & Climate Change Team in Hungary is one of the most significant market players with a strong market share in renewable energy and oil & gas. Moreover, the uniquely wide expertise of the team members covers every segment of the energy market with a focus on electricity, oil & gas, and chemical and environmental related matters.

"They are well aware of all developments in the market and know when to inform us of potential changes in the regulatory framework."

Chambers, 2023

The team is highly responsive, business-minded, commercial and pragmatic.

Chambers
10/07/2019
Highlights of experience in Energy in Hungary
Budapest Power Plant on energy regulatory and general legal and tax matters on an ongoing basis. MET on several domestic and cross-border refinancings and gas trade financings. Iberdrola on the acquisition...

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12/03/2024
After EU Commission's first decision on Carbon Contracts for Difference,...
The European Commission approved the first Carbon Contracts for Difference (CCfD) scheme under the new Guidelines on State aid for climate, environmental protection and energy 2022 (CEEAG).Fol­low­ing the...
07/03/2024
Renewable energy in Hungary
1. Introduction  Significant changes have happened in the external environment of the Hungarian energy sector in 2022. Notwithstanding that the increasing price environment and the uncertainty of energy...
05/03/2024
European Commission authorises EUR 550 million Italian hydrogen aid scheme
On 30 January 2024, the European Commission authorised an Italian hydrogen aid scheme with a budget of EUR 550 million under the Temporary Crisis and Transition Framework.The Green Deal industrial planThe...
01/03/2024
Environmental and social factors in mining: a spotlight on Colombia
Environmental and social considerations have been critical to the business of mining since long before the term ESG gained its current popularity. Mining activities are politically sensitive because they...
23/02/2024
The CBAM – what is it and how will it affect the market?
Regulation (EU) 2023/956 establishing a carbon border adjustment mechanism (CBAM) entered into force on 17 May 2023. The implementation of the CBAM has been divided into a transitional period (from 1...
13/02/2024
Hungary makes changes to labour law, occupational health and safety at...
Hungary has initiated a series of legislative amendments to laws governing labour, occupation health and safety at work, some of which already entered into force on 1 January 2024. Specifically, Hungarian...
02/02/2024
Hungary extends grid connection long-stop-date for new power plants
On 31 January 2024, the Hungarian government adopted the amendment to Government Decree 526/2022. (XII. 16.) that amends the Electricity Act regarding rules for grid connection. Under the original Grid...
25/01/2024
Emerging Europe M&A Report 2023/2024
Despite geopolitical tensions, fears of recession and strong inflationary pressures across the EU, as well as the fiscal tightening needed to contain them, M&A in the CEE region has remained reasonably buoyant. Findings from the CMS Emer­ging Europe M&A 2023/24 report, published in cooperation with EMIS, demonstrate the resilience of the Emerging Europe deals market as activity holds firm against a backdrop of geopolitical tensions and strong inflationary pressures. Welcome to the 2023/24 edition of the Emerging Europe report.
19/01/2024
Greenwashing: Stricter EU rules on environmental marketing ban misleading...
On 17 January 2024, the European Parliament voted to adopt the Directive on Empowering Consumers for the Green Transition (the ECGT Directive), which seeks to protect consumers from various misleading...
19/01/2024
CBAM: Just over a week to comply
As the deadline for the first Carbon Border Adjustment Mechanism (CBAM) report approaches on January 31st, it is crucial for undertakings engaged in importing relevant goods into the European Union to...
17/01/2024
Hungarian Competition Authority launches study on impact of AI on competition...
On the eve of the European Commission’s calls for contributions on competition in virtual words and generative AI, the Hungarian Competition Authority (HCA) announced that it is launching a market analysis...
05/01/2024
Hungarian decree amends FDI regime and grants Hungary pre-emption right...
The Hungarian government has issued a new Government Decree No. 566/2023 (XII.14) that amends Government Decree No. 561/2022. (XII. 23.) (i.e. the 2022 FDI Decree) on the different application of certain...