Regulatory policy

Climate Policy Update – August 1, 2022

Good evening! This is Akin Gump’s weekly policy bulletin on climate change policy and regulatory developments, providing information on the major climate policy headlines from the past week and upcoming climate-related events and hearings. :

After previous budget reconciliation negotiations failed, Sen. Joe Manchin (D-WV) and Senate Majority Leader Chuck Schumer (D-NY) announced Wednesday that a deal has been reached. The recently relaunched reconciliation package, titled the Inflation Reduction Act of 2022, contains $396 billion in climate and energy policies. Specifically, the package provides funding for electric vehicle batteries and sustainable agriculture and brings policy changes in gas, oil, hydrogen, solar, wind and carbon capture.

The Biden-Harris administration has announced an initiative to connect low-income families to solar power through the Low-Income Household Energy Assistance Program (LIHEAP).

Max Gomberg, a member of the California State Water Resources Control Board, resigned over concerns Governor Gavin Newsom (D-CA) resisted a “long list” of climate-centric proposals. In response, Governor Newsom’s spokesman said the governor is “doing more than any other state to adapt to our changing climate.”

In a vote of 243 to 187, the House passed the CHIPS and Science Act to encourage “innovation in the chip and public wireless supply chain” and encourage the construction and expansion of semiconductor installations.

In the wake of the Cut Inflation Act of 2022, Sen. Manchin and Majority Leader Schumer have indicated they will pursue “comprehensive permit reform legislation” before the end of the fiscal year.