This Week's Climate Policy Update - October 4, 2023 - Climate ... - Mondaq News Alerts
This Week's Climate Policy Update - October 4, 2023 - Climate Change - United States
The White House took steps this week to define a national standard for "zero-emission" buildings and limit the number of leases available to offshore oil and gas drillers. Securities and Exchange Commission (SEC) Chair Gary Gensler spoke optimistically about the alignment of a new California law with the agency's proposed corporate climate disclosure rules. At the state level, Gov. Josh Shapiro (D-PA) signaled support for Pennsylvania's participation in emission-reduction processes like "cap-and-invest" but withheld approval for the state's joining of the Regional Greenhouse Gas Initiative (RGGI). Lastly, the International Climate and Energy Summit convened in Madrid to discuss necessary measures for keeping Paris Agreement goals on track.
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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