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UK Government Announces New Import Carbon Pricing Mechanism

Clean Energy Law

Green , and James Bee On 18 December 2023, the UK government announced a proposal for a new carbon border adjustment mechanism (UK CBAM). The UK ETS puts a price on greenhouse gases emitted by domestic producers, through a “cap-and-trade” system, in which total carbon emissions and allowances under the scheme are capped.

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DEP Set To Receive $2 Billion+ In Federal Funds Over Next Decade+ For Oil & Gas Well Plugging, Clean Energy, Climate Resiliency, Clean Water

PA Environment Daily

These two pieces of legislation have historic amounts of funding available for climate work, clean energy, clean water, dealing with legacy pollution issues, really a lot of money and a lot of opportunity. “So, So far in 2024, we're up to 34 wells plugged, 24 of those from the IIJA funding.

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Gov. Shapiro Announces Commitment To Get 50% Of Electricity For State Government From Solar Energy Facilities In Pennsylvania

PA Environment Daily

With that commitment, Pennsylvania is leading the nation in getting energy from renewable resources that include solar and wind power, beating out states traditionally known for clean energy like California and Texas.

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UCS Testimony on the Clean Hydrogen Production Tax Credit

Union of Concerned Scientists

From March 25 to March 27, 2024, the U.S. Department of the Treasury is hosting a public hearing on the December 2023 proposed regulations governing implementation of the Section 45V Credit for Production of Clean Hydrogen. Presented via telephone during the March 27, 2024, public hearing for Docket ID No. REG-117631-23.

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China’s Stock Exchanges to Plan Sustainability Disclosure Rules for Big Companies

Clean Energy Law

The Guidelines require the largest Chinese public companies to publish high-quality and standardized SDRs, and are open for public comment until February 29, 2024. The Regulated Entities shall build up internal governance system, identify and assess risks and opportunities, evaluate the climate resilience, and disclose relevant information.

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IRS Releases Guidance on SAF Tax Credit and Signals Forthcoming Revisions to GREET Model for Determining Lifecycle GHG Emissions Reductions

Law and Environment

On December 15, 2023, IRS published Notice 2024-06 , a brief but important guidance on Section 40B, the Inflation Reduction Act (“IRA”) tax credit for sustainable aviation fuel (“SAF”). Or, they may use “any similar methodology that satisfies the criteria under § 211(o)(1)(H) of the Clean Air Act.”

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TAXPAYER DOLLARS SHOULD NOT BE FUELING CLIMATE POLLUTION

Enviromental Defense

Paying taxes helps governments to fund the services we all depend on, like education, healthcare and funding programs to tackle the climate crisis. Taxes also allow the federal government to provide subsidies to support a specific industry, like sports or culture, or to achieve a desired social outcome.