This Week's Climate Policy Update - Akin Gump Strauss Hauer & Feld LLP
This Week’s Climate Policy Update | Akin Gump Strauss Hauer & Feld LLP
The Federal Energy Regulatory Commission (FERC) issued a landmark rule instructing U.S. electricity grid operators to create new transmission infrastructure. The Department of Energy (DOE) released their initial 10 federal corridors for the development of multistate, ultra-high-capacity electric transmission lines. Special Presidential Envoy for Climate John Podesta and his Chinese counterpart Liu Zhenmin met in Washington to discuss efforts to cut methane pollution and promote clean energy, building on commitments the two nations made in November 2023. Meanwhile, the White House announced new tariffs to counter China’s influence in strategic sectors including manufacturing, technology, clean energy and related supply chains.
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Related Knowledge Center: Climate diplomacy
Talks are well underway in preparation for the next major international meeting on climate change, 28th Conference of the Parties (COP28), scheduled to begin Nov. 30 in the United Arab Emirates.
Much like last year’s COP27, finances — specifically, aid to developing nations — will be at the center of conference deliberations.
The conference faces an even greater sense of urgency brought on by the Sept. 8, 2023, release of the first global stocktake, which calls for accelerated action to meet the goals set in the 2015 Paris Climate Agreement (COP21).
Climate diplomacy: COP 27 | Climate diplomacy: COP 28 | Climate diplomacy: COP 29