This Week's Climate Policy Update - Akin Gump Strauss Hauer & Feld LLP
This Week’s Climate Policy Update | Akin Gump Strauss Hauer & Feld LLP
Majority Leader Chuck Schumer (D-NY) announced the Senate’s plans to tackle permitting reform prior to the August recess. Last week, the Biden administration approved what would be the largest offshore wind project in the United States. This comes as nationwide carbon emissions reportedly fell for the first time under President Biden. In California, traditional energy companies are lobbying against proposed emissions disclosure requirements. Finally, heat records around the world were broken earlier this month and Special Envoy for Climate John Kerry is planning a visit to China.
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Related Knowledge Center: Climate diplomacy: COP 27
The 27th Conference of the Parties (COP 27) produced a groundbreaking agreement to create a “loss and damage” fund to help developing nations cope with the impact of climate change.
But the conference, held from Nov. 6 to Nov. 20, 2022, in Sharm el-Sheik, Egypt, fell short of a hoped-for agreement to speed reductions of greenhouse gas emissions.