Perhaps climate-change litigation is where lots of money is to be made in the coming decades:
In the past three years, the number of climate-related lawsuits has ballooned, filling the void of political efforts in tackling greenhouse-gas emissions.
Eyeing the money-spinning potential, some major commercial law firms now place climate-change litigation in their Internet shop window…
But legal experts sound a note of caution, warning that this is a new and mist-shrouded area of justice.
Many obstacles lie ahead before a Western court awards a cent in climate damages and even more before the award is upheld on appeal…
Lawsuits in the United States related directly or indirectly almost tripled in 2010 over 2009, reaching 132 filings after 48 a year earlier, according to a Deutsche Bank report.
Elsewhere in the world, the total of lawsuits is far lower than in the US, but nearly doubled between 2008 and 2010, when 32 cases were filed, according to a tally compiled by AFP from specialist sites.
Sounds like it will take some time and some important rulings before this field comes into greater focus.
1. How much money could be at stake in these sorts of lawsuits?
2. Does this mean this will be the subject of the next John Grisham novel?