Our clients and other stakeholders can use these results as they make their company plans for GHG emission measurement, disclosure, and reduction in 2023… Continue Reading
Maryland is on the cusp of being the first state in the country to authorize use of the new 2021 edition of the International Green Construction Code … Continue Reading
Maryland has enacted the most rigorous state law in the country reducing greenhouse gas (GHG) emissions and otherwise addressing ESG stewardship including climate change. Businesses can and should treat this as the greatest responsibility and opportunity of our time. Literally resetting the trajectory of Maryland’s economy, making sweeping changes to the Old Line State’s already … Continue Reading
The Federal government is proposing the Federal Supplier Climate Risks and Resilience Rule, which will require major Federal contractors publicly disclose their greenhouse gas emissions and climate related financial risks and set emissions reduction targets. The implications of this reach far beyond only Federal contractors impacting nearly every sector of the US economy, as contractors calculate … Continue Reading
The golden opportunity in ESG may be in concrete. Embodied carbon refers to the greenhouse gas emissions associated with materials’ manufacturing, transportation, installation, maintenance, and disposal. In a building, there is “upfront” embodied carbon in construction and then operational carbon largely from energy consumption. Embodied carbon is particularly important because it contributes more climate changing … Continue Reading
After this blog was posted, on September 21, 2023 the Biden Administration approved the recommendation of the Interagency Working Group on the Social Cost of Greenhouse Gases, directing federal government agencies to consider the social cost of greenhouse gases in federal procurement. On November 11, 2022, shortly after this blog was posted EPA proposed a rule … Continue Reading
You are invited to join Stuart Kaplow and Nancy Hudes for a live webinar we are presenting this Tuesday, August 16 from 9 to 10 am EST that will provide you with all the information you need to reply to the question “Are You Ready to Measure and Report Your Building GHG Emissions?” Our webinar … Continue Reading
As governments enact mandatory greenhouse gas emission laws and as businesses voluntarily make “net zero” pledges, we are increasingly working with organizations, first to understand and calculate their GHG emissions, then to implement strategies for efficacious yet frictionless reductions. An example of what businesses are reacting to is Maryland’s new statutory mandate that buildings, commercial, … Continue Reading
In a decision that will rein in agency power across the federal government, the U.S. Supreme Court ruled today that Congress did not clearly authorize the EPA to adopt broad rules to reduce greenhouse gas emissions from electric utility power plants. Specifically, the high court held, “Congress did not grant EPA in Section 111(d) of … Continue Reading
With proposed federal regulation of greenhouse gas emissions by the Securities and Exchange Commission requiring GHG disclosure and new state statutes, including a new Maryland law that requires not only disclosure, but also a mandated reduction in GHG emissions, a greater appreciation of the subject of GHG appears in order. This short glossary is an … Continue Reading
On October 7, 2022, the U.S. Securities and Exchange Commission reopened the public comment periods, for 14 days from the day the notice is published in the Federal Register, for 11 of its rulemaking releases, some of them viewed as controversial including the rule discussed in this blog post, due to a technical glitch that … Continue Reading
With the federal government and state of Maryland each having announced within days of each other, the mandated disclosure of greenhouse gas (GHG) emissions, we have received, maybe not surprising, many calls in the last two weeks inquiring “what are GHGs?” and “what are Scope 3 GHG emissions (.. which are proposed to be a … Continue Reading
With legislation that became law last week, without the Governor’s signature, Maryland has enacted the most rigorous state law in the country reducing greenhouse gas (GHG) emissions and otherwise addressing ESG stewardship including climate change. Businesses can and should treat this as the greatest opportunity and responsibility of our time. Literally resetting the trajectory of … Continue Reading
Last Monday, the U.S. Securities and Exchange Commission voted 3 to 1 to issue a long awaited proposed new rule to mandate climate risk disclosures by public companies and other businesses in their supply chains. The 510 page proposed rule will require public companies to include climate related disclosures in their registration statements and periodic … Continue Reading
If there was any question that the judiciary was a coequal and political branch of government, last Friday after President Biden was wheels up to attend the COP26 Glasgow climate conference, the Supreme Court agreed to review the Environmental Protections Agency’s authority to regulate greenhouse gas emissions. This litigation over the EPA’s scope of authority … Continue Reading
Last Wednesday the Environmental Protection Agency proposed greenhouse gas emissions standards for airplanes used in commercial aviation and large business jets. “This standard is the first time the U.S. has ever proposed regulating greenhouse gas emissions from aircraft,” according to EPA Administrator Andrew Wheeler. And as much as I have railed against more and regressive environmental … Continue Reading