WASHINGTON, D.C. — Sullivan & Worcester LLP has announced that it has formed a Climate Change Group to address a variety of business, legal and risk-management issues arising from the global need to preserve and protect the environment.

The group is comprised of lawyers from the firm’s environmental, regulatory, corporate and securities practices from the Washington, D.C., Boston and New York offices.  Led by Washington, D.C.-based partners Jeffrey M. Karp and Jerome C. Muys, the group has advised clients on gaining approval of the first carbon-offset credits under California’s new program; negotiating long-term power purchase agreements and developing new clean energy generation facilities; introducing and marketing green, energy-efficiency and conservation products; and addressing sustainable-building initiatives.

Current opportunities and incentives for investment in the climate-related energy and technology sectors are broad and diverse.  Incentives range from tax credits to loan guarantees to R&D funds, and the technologies range from safeguards against major blackouts to breakthroughs in renewable forms of energy and energy conservation.

Sullivan & Worcester is a leading corporate law firm providing counsel to domestic and international clients ranging from Fortune 500 companies to emerging businesses.  With more than 185 lawyers in Boston, New York and Washington, D.C., the firm offers services in a wide range of areas, including corporate finance, securities, litigation, mergers and acquisitions, tax, real estate, private equity and venture capital, bankruptcy, regulatory law and employment and benefits.