Climate change policy update: Climate Action Corps, Colorado ... - Lexology

Climate change policy update: Climate Action Corps, Colorado Climate Plan and net-zero financing - Commentary - Lexology

Treasury releases principles for net-zero financing and investment, applauds $340 Million philanthropic commitment and other pledges Biden's new Climate Corps will train thousands of young people "Worse Than Doing Nothing": Greens fume at Colorado Climate Plan Biden broadens use of social cost of carbon Five states just joined California in launching their own Climate Action Corps Governor Hochul signs legislation to protect New Yorkers from increasingly frequent and extreme flooding

This article outlines pertinent legal and policy climate change developments in the United States during the past week.

Treasury releases principles for net-zero financing and investment, applauds $340 Million philanthropic commitment and other pledges

The Department of Treasury issued the Principles for Net-Zero Financing and Investment to highlight emerging best practices for private sector financial institutions that have made net-zero commitments. These principles will also promote consistency and credibility when it comes to their implementation.

Biden's new Climate Corps will train thousands of young people

The Biden administration rolled out an initiative to train over 20,000 young people to combat climate change. The skills taught will include installing solar panels, restoring coastal wetlands and retrofitting homes to contribute to an energy-efficient environment.

"Worse Than Doing Nothing": Greens fume at Colorado Climate Plan

The Colorado Air Quality Control Commission is slated to vote on a long-awaited proposal. This proposal envisions an emissions trading system to cut climate pollution by 20% from a 2015 baseline by 2030. However, the state's environmental groups are concerned that the policy's emissions cap is too generous.

Biden broadens use of social cost of carbon

The Biden administration intends to consider climate costs across a wider range of government policies and decisions. This will have a reach wider than ever before and will include the way the federal government uses its buying power.

Five states just joined California in launching their own Climate Action Corps

A bipartisan group of governors from California, Arizona, Maryland, Minnesota, North Carolina and Utah launched the Climate Action Corps, the Office of Governor Gavin Newsom reports.

Governor Hochul signs legislation to protect New Yorkers from increasingly frequent and extreme flooding

Governor Kathy Hochul (D-NY) recently signed S. 5186-A/A. 5221-A into law to require the New York Department of Environmental Conservation to implement permit regulations and guidance regarding nature-based solutions for shoreline management.

For further information on this topic please contact Kenneth J Markowitz, Stacey H Mitchell, Dario J Frommer or Christopher A Treanor at Akin Gump Strauss Hauer & Feld LLP by telephone (+1 202 887 4000) or email ( www.akingump.com.

Leila Fleming, public policy specialist, assisted with the preparation of this article.