Regulatory policy

Climate Policy Update – August 15, 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. :

  • Biden-Harris administration launches $675 million bipartisan infrastructure law program to expand national supply chains of critical materials (Department of Energy, Office of Energy Efficiency and Renewable Energy) L The Biden-Harris administration issued a request for information regarding the research, development, demonstration, and commercialization program, which received $675 million in funding from the bipartisan Infrastructure Act.
  • Amid struggle with oil industry, Newsom takes last-minute step to toughen California’s climate goals (Los Angeles Times) Governor Gavin Newsom (D-CA) released a five-point plan that calls ” lawmakers to pass more aggressive targets on state laws that reduce greenhouse gases and increase the use of renewable energy.” In addition, the proposal seeks to establish health and safety buffer zones around new oil and gas wells.
  • California Energy Commission adopts historic offshore wind goals for California, enough to power more than 25 million homes (California Energy Commission) The California Energy Commission has adopted “a report establishing offshore wind goals”. Specifically, the report sets production targets of 3,000 to 5,000 megawatts of offshore wind power by 2030.
  • California Governor Gives State’s Last Nuclear Power Plant a Lifeline (E&E News) Governor Newsom has proposed legislation to keep California’s ‘last nuclear power plant open five to 10 years beyond its start date final closure scheduled for 2025″. The Governor’s spokesperson noted that the nuclear plant expansion is necessary because “climate impacts are being felt faster than expected.”
  • Congress just passed a big climate bill. No, not that one. (The Atlantic) On Tuesday, President Biden signed into law the CHIPS and Science Act. In addition to encouraging semiconductor production, the measure “could direct about $67 billion, or about a quarter of its total funding, toward accelerating the growth of zero-carbon industries and conducting relevant research.” on climate”.