Speaking Sustainability
A blog dedicated to keeping you up-to-date on climate change policies.
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Speaking Sustainability
The European Parliament and Council reached a provisional agreement (i.e., a post-consultation, non-binding political deal in relation to the final text of a
legislative proposal) to streamline the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM) on June 18, 2025. This is a key instrument to
prevent carbon leakage and align trade policy with the EU’s climate goals. The changes are part of the EU’s broader sustainability legislative simplification
package announced earlier this year. This proposal is intended to ease compliance burdens while maintaining the environmental integrity of the CBAM
framework.
legislative proposal) to streamline the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM) on June 18, 2025. This is a key instrument to
prevent carbon leakage and align trade policy with the EU’s climate goals. The changes are part of the EU’s broader sustainability legislative simplification
package announced earlier this year. This proposal is intended to ease compliance burdens while maintaining the environmental integrity of the CBAM
framework.
Speaking Sustainability
In the final days of his term, President Joe Biden has taken significant steps to solidify his administration’s climate legacy. The administration finalized rules for
various clean energy tax credits established under the Inflation Reduction Act. However, these rules, intended to stimulate clean energy advancements
through 2032, face opposition from Congressional Republicans, who are considering scaling back or repealing the credits through budget reconciliation.
various clean energy tax credits established under the Inflation Reduction Act. However, these rules, intended to stimulate clean energy advancements
through 2032, face opposition from Congressional Republicans, who are considering scaling back or repealing the credits through budget reconciliation.
Speaking Sustainability
Key topics in Akin’s July 2024 Sustainability/ESG Policy and Regulatory Update include:
Speaking Sustainability
Key topics in Akin’s June 2024 Sustainability/ESG Policy and Regulatory Update include:
Speaking Sustainability
Key topics in Akin’s April 2024 Sustainability/ESG Policy and Regulatory Update include:
Speaking Sustainability
The Department of the Treasury published new guidance on securing bonus tax credits within the Inflation Reduction Act (P.L. 117-169; IRA) for offshore wind
projects. Before the Virginia legislative session expired, lawmakers passed numerous bipartisan environmental bills. Governor Glenn Younkin (R-VA) must
decide on the bills’ fate by April 8, 2024. Finally, the United Nations (U.N.) announced that it plans to finalize stricter greenhouse gas emissions penalties for
the international shipping sector by 2027.
projects. Before the Virginia legislative session expired, lawmakers passed numerous bipartisan environmental bills. Governor Glenn Younkin (R-VA) must
decide on the bills’ fate by April 8, 2024. Finally, the United Nations (U.N.) announced that it plans to finalize stricter greenhouse gas emissions penalties for
the international shipping sector by 2027.
Speaking Sustainability
We are excited to announce the launch of Akin’s Sustainability/Environmental, Social and Governance (ESG) Policy and Regulatory Update, our inaugural
Speaking Sustainability newsletter. This policy and regulatory update provides a summary of key ESG topics and regulatory developments.
Speaking Sustainability newsletter. This policy and regulatory update provides a summary of key ESG topics and regulatory developments.
Speaking Sustainability
Congress returned from August recess to an overflowing fall agenda. However, Majority Leader Schumer has not mentioned a permitting reform bill in his
legislative priority list. Moreover, Sen. Manchin has backed David Rosner to fill the vacant seat on the Federal Energy Regulatory Commission (FERC). On the
local level, Gov. Kathy Hochul (D-NY) announced the operation of New York’s first state-owned utility-scale energy storage system in North Country. Finally,
the United Nations issued its first report card on the 2015 Paris Agreement and found that countries have only made limited progress in reducing the effects
of global warming.
legislative priority list. Moreover, Sen. Manchin has backed David Rosner to fill the vacant seat on the Federal Energy Regulatory Commission (FERC). On the
local level, Gov. Kathy Hochul (D-NY) announced the operation of New York’s first state-owned utility-scale energy storage system in North Country. Finally,
the United Nations issued its first report card on the 2015 Paris Agreement and found that countries have only made limited progress in reducing the effects
of global warming.
Speaking Sustainability
After catastrophic flooding in Vermont, scientists are warning that severe floods will become more common in light of the climate crisis. In Congress, House
Republicans proposed deep cuts for the Department of the Interior and the Environmental Protection Agency and a bipartisan group of lawmakers
relaunched the Climate Solutions Caucus. National Security Advisor Jake Sullivan argued that China should be pressured further on climate issues as Special
Envoy on Climate John Kerry’s trip to China concludes tomorrow.
Republicans proposed deep cuts for the Department of the Interior and the Environmental Protection Agency and a bipartisan group of lawmakers
relaunched the Climate Solutions Caucus. National Security Advisor Jake Sullivan argued that China should be pressured further on climate issues as Special
Envoy on Climate John Kerry’s trip to China concludes tomorrow.
