Regulation

Governor Kathy Hochul announced a new framework for New York state to achieve six gigawatts of energy storage by 2030, which represents at least 20% of the peak electricity load of New York State.

Canada announces proposed regulated sales targets for zero-emission vehicles to reduce emissions and are a key component of the 2030 Emissions Reduction Plan.

CDP will soon be incorporating the International Sustainability Standard Board’s (ISSB) IFRS S2 Climate-related Disclosures Standard [IFRS S2] into its global environmental disclosure platform.

The UK Transition Plan Taskforce (TPT), first announced at COP26 in 2021, has announced the publication of its Disclosure Framework and accompanying Implementation Guidance.

As part of the Infrastructure Investment and Jobs Act, the Department of Energy has released a draft of its National Clean Hydrogen Strategy and Roadmap. This report provides a snapshot of hydrogen production, transport, storage, and use in the United States today and the opportunity that clean hydrogen could provide in contributing to national goals across sectors.

In just the past two months, record-shattering torrential rains have wreaked havoc on homes and businesses in Texas, the west coast and the Midwest, along with Pakistan, Australia, China and other parts of the globe. Mindy Lubber, President and CEO of Ceres, explains why these and other financial impacts from the systemic climate trends are hugely relevant as the U.S. Securities and Exchange Commission considers its next move in its push to significantly strengthen corporate climate disclosure rules.

San Diego Gas & Electric Company (SDG&E) submitted a proposal with the California Public Utilities Commission (CPUC) on Sept. 8 for a demonstration project on the University of California San Diego.

The National Association of Regulatory Utility Commissioners released a new white paper, Nuclear Energy as a Keystone Clean Energy Resource, that explores nuclear energy’s role in providing carbon-free electricity and highlights key considerations for regulators to keep in mind as decarbonization efforts continue across many states and utilities.

The White House waived the solar tariff on products sold in Asia for the next 24 months. President Joe Biden signed the bill, H.R. 4426.

Buildings contribute to approximately a third of U.S. emissions and 40% of global emissions, so we cannot meet consensus climate targets without transforming the buildings sector. In this column, Lotte Schlegel, Executive Director, IMT, explores critical lessons from the latest UN climate report and describes three ways to best advance building decarbonization while addressing social considerations.