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Key Issues at COP 27

From November 6 to November 18 of this year, climate leaders will convene in Sharm el Sheikh, Egypt, for the United Nations Framework Convention on Climate Change’s (UNFCCC) 27th Conference of the Parties (COP 27). COP 27...more

This Week’s Climate Policy Update - October 2022 #3

As the Department of Energy rolls out its historic H2Hubs program, the department will be accepting concept papers for the program centered on the production, storage and use of clean hydrogen through November 7. The...more

Highlights of DOE’s Historic Clean Hydrogen Funding Opportunity

The U.S. Department of Energy (DOE or the “Department”) recently opened the submission of Concept Papers for its $7 billion H2Hubs program, marking one of the largest investments in DOE history, with the goal of creating up...more

This Week’s Climate Policy Update - October 2022 #2

[co-author: Leila Fleming] Good evening! This is Akin Gump’s weekly policy newsletter on climate change policy and regulatory developments, providing information on major climate policy headlines from this past week and...more

IRS Issues Request for Public Comment on Clean Energy and Climate Provisions Included in Inflation Reduction Act

On October 5, 2022, the Department of Treasury and Internal Revenue Service (IRS) released six Notices requesting comments on anticipated regulations and other guidance under various climate and clean energy incentives...more

This Week’s Climate Policy Update - October 2022

As Congress headed into recess, it sought to wrap up loose ends, including passing permitting reform. However, Sen. Joe Manchin (D-WV) removed his permitting reform language from a continuing resolution and Senate Majority...more

Energy Department Opens Landmark $7 Billion Clean Hydrogen Funding Opportunity

On September 22, 2022, the U.S. Department of Energy (DOE) opened applications for its $7 billion H2Hubs program, marking one of the largest investments in DOE history, with the goal of creating up to ten regional clean...more

This Week’s Climate Policy Update - September 2022

[co-author: Leila Fleming] Good evening! This is Akin Gump’s weekly policy newsletter on climate change policy and regulatory developments, providing information on major climate policy headlines from this past week and...more

The Inflation Reduction Act Applies the Polluter Pays Principal: Carbon Tax Will Accelerate Reduction of Methane Emissions

The Inflation Reduction Act (“IRA”) includes a variety of incentives, including tax credits and grants, for US industries to reduce greenhouse gas (“GHG”) emissions. The IRA also includes a significant “disincentive” for...more

This Week’s Climate Policy Update - August 2022 #4

Last week, the California Air Resources Board (CARB) announced a new rule that bans new, gas-powered cars in the state, starting with 2035 models. As the California legislative session draws to a close, various climate bills...more

High Court Judgment on U.K. Government Net-Zero Strategy

The High Court of England and Wales (the “High Court”) recently ruled1 that the U.K. government’s Net Zero Strategy (NZS) breached the detail and reporting requirements of the Climate Change Act 2008 (“CCA 2008”). In this...more

This Week’s Climate Policy Update - August 2022 #3

Good evening! This is Akin Gump’s weekly policy newsletter on climate change policy and regulatory developments, providing information on major climate policy headlines from this past week and forthcoming climate-related...more

President Biden Signs the Inflation Reduction Act

Today, President Biden signed the Inflation Reduction Act of 2022 (IRA) into law. The final IRA bill came together after more than 18 months of intra-party negotiations among Democrats about what legislative priorities to...more

This Week’s Climate Policy Update - August 2022 #2

[co-author: Leila Fleming] Good evening! This is Akin Gump’s weekly policy newsletter on climate change policy and regulatory developments, providing information on major climate policy headlines from this past week and...more

Inflation Reduction Act Update

The following alert provides a high level update to the August 4 Akin Gump comprehensive section-by-section report, which was published before the Senate vote-a-rama and final Senate passage. This update is being published...more

Comprehensive Section-By-Section of the Inflation Reduction Act

Sens. Joe Manchin (D-WV) and Chuck Schumer (D-NY) shocked Washington, D.C. when they announced an agreement around a budget reconciliation package that includes clean energy and health care provisions and tax reform. The...more

This Week’s Climate Policy Update - August 2022

[co-author: Leila Fleming] Good evening! This is Akin Gump’s weekly policy newsletter on climate change policy and regulatory developments, providing information on major climate policy headlines from this past week and...more

CFTC Turns Spotlight on the Voluntary Carbon Markets

The Commodity Futures Trading Commission (CFTC) is joining other federal agencies in the move toward a whole-of-government approach to the mitigation of climate-related financial risk. The CFTC has taken steps this...more

This Week’s Climate Policy Update - July 2022 #4

[co-author: Leila Fleming] Good evening! This is Akin Gump’s weekly policy newsletter on climate change policy and regulatory developments, providing information on major climate policy headlines from this past week and...more

ISSB Sustainability Disclosure Proposals

In view of the upcoming July 29 deadline to the International Sustainability Standards Board’s (ISSB) consultation period for its proposed sustainability disclosure standards, Akin Gump would like to remind readers of the...more

This Week’s Climate Policy Update - July 2022 #3

[co-author: Leila Fleming] Good evening! This is Akin Gump’s weekly policy newsletter on all things climate change. Below are the major federal and California climate policy headlines of the past week:  DC Circuit Says...more

California Climate Disclosure Legislation Clears Critical Hurdles

Legislation to “prevent corporate greenwashing” by requiring major companies doing business in California to publicly disclose their scope 1, 2 and 3 greenhouse gas (GHG) emissions has cleared two critical committees....more

This Week’s Climate Policy Update - July 2022 #2

[co-author: Leila Fleming] Good evening! This is Akin Gump’s weekly policy newsletter on all things climate change. Below are the major federal and California climate policy headlines of the past week... ...more

US Food Sector Needs to Implement Climate Action Plans to Feed Demand from Hungry Investors

As corporations increasingly make public commitments to reduce greenhouse gas (GHG) emissions, allegations of “greenwashing” have been elevated to the global stage. Consumers, investors and government bodies alike are seeking...more

‘Major Questions’? Supreme Court Decision in Climate Change Case Sends Ripples Across the Regulatory Landscape

Key Points- For the first time, the Supreme Court has invoked explicitly the “major questions doctrine”—which requires Congress to speak clearly when authorizing agency action in certain extraordinary cases—to strike...more

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