News

SEC commissioner sees tough decision on climate disclosure rule - Nikkei Asia

Nikkei Asia · last updated

SEC commissioner sees tough decision on climate disclosure rule - Nikkei Asia

TOKYO -- The U.S. Securities and Exchange Commission faces "a difficult and challenging decision" on proposed rules for climate risk disclosures, Commissioner Mark Uyeda said Wednesday, as the process takes longer than first expected.

Regarding the climate information, the securities regulator will weigh "the trade off between the costs of what we're going to propose to collect and publish... versus the benefits to investors and to the market as a whole," Uyeda said in an interview here.

Related Knowledge Center: Air emissions

State of Play

More than 30 years after the last major update of the Clean Air Act, the U.S. Supreme Court has upended the ability of Congress to give the Environmental Protection Agency and other federal agencies broad scope to combat air pollution, including the emission of greenhouse gases. Meanwhile, further Biden administration efforts to limit emissions face opposition in the courts. 

More informationabout Air emissions