By IRIE SENTNER, SOPHIA CAI and BEN JOHANSEN Move over, GAVIN NEWSOM. President DONALD TRUMP has another California nemesis — and it’s a three-inch-long endangered fish. The president, who is en route to Los Angeles Friday afternoon to survey the city’s wildfire damage as part of the first domestic trip of his second term, has consistently blamed the fires’
Key Impact Points: What is DAC? Direct Air Capture (DAC) is a technology that extracts CO2 directly from the atmosphere using mechanical air contactors or chemical processes. The DOE defines DAC as a closed-loop system that regenerates carbon capture mediums without reliance on CO2 concentrations from nearby emissions. DAC is
Key Impact Points: Governors Hochul and Lujan Grisham: “We will not turn our back on America’s commitments. For our health and our future, we will press forward.” Continued Commitment to Climate Action In a letter to UN Climate Change Executive Secretary Simon Stiell, the co-chairs of the U.S. Climate Alliance,
By Cority Sustainability As the sustainability regulatory landscape shifts towards greater accountability and transparency, companies of all sizes are increasingly recognizing the importance of integrating ESG factors into their operations. ESG regulations have increased by 155% in the past decade, with 1,255 ESG regulations introduced worldwide since 2011. Not just
Key Impact Points: Tax Credits: The Core of IRA’s Climate Spend The Inflation Reduction Act (IRA) dedicates over two-thirds of its projected $1.7 trillion in climate spending to tax credits. With these provisions, the IRS takes center stage in driving U.S. decarbonization efforts. This isn’t the first time tax equity
Key Impact Points: Meta Shifts to User-Moderation Meta CEO Mark Zuckerberg announced a controversial move to eliminate fact-checkers from its platforms, stating that “fact-checkers have just been too politically biased, and have destroyed more trust than they’ve created, especially in the U.S.” Instead, the company will depend on a “community
Key Impact Points: Global and State Regulations Drive Sustainability Forward While federal policies may shift with the incoming administration, sustainability momentum is expected to endure. Historically, US corporations voluntarily built sustainability programs, driven by stakeholder demands, resource management needs, and opportunities for growth in sustainable products. “The most significant corporate
Key Impact Points: Policy Shifts Under the Trump Administration Executive Orders and Regulatory Changes President-elect Trump has signaled plans to pause pending rules, delay effective dates of new regulations, and work with Congress to repeal recently finalized rules. Key areas of focus include power, mining, oil and gas, water quality,
Key Impact Points: Transparency Challenges in Article 6.2 Despite efforts to strengthen oversight, the agreement on Article 6.2 at COP29 offers only marginal improvements. Countries are now required to publish some information on Internationally Traded Mitigation Outcomes (ITMOs), but the timing remains problematic. The lack of a robust review process
Key Impact Points The Growing Challenge of Greenwashing KPMG Law’s latest report, The Challenge of Greenwashing: An International Regulatory Overview, examines how evolving greenwashing regulations are impacting multinational companies. Covering 25 jurisdictions, including the U.S. and EU, the study offers key insights into compliance challenges and legal risks tied to
