The IRS on July 24, 2024, released Notice 2024-60, which provides Section 45Q guidance for utilization of carbon dioxide and other carbon oxides. The Notice addresses the information that must be included in the required life...more
8/12/2024
/ Administrative Review ,
Carbon Capture and Sequestration ,
Clean Air Act ,
Department of Energy (DOE) ,
Energy Sector ,
Greenhouse Gas Emissions ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
Production Tax Credit ,
Renewable Energy ,
Reporting Requirements ,
Tax Credits
The U.S. Department of the Treasury and IRS released Notice 2024-37 on April 30, 2024, regarding the Sustainable Aviation Fuel (SAF) Tax Credit found at Section 40B of the Internal Revenue Code as an income tax credit and...more
5/3/2024
/ Agricultural Sector ,
Aviation Industry ,
CARB ,
Carbon Offset and Reduction Scheme for International Aviation (CORSIA) ,
Climate Change ,
Department of Agriculture ,
Department of Energy (DOE) ,
Federal Pilot Programs ,
Fuel Supply ,
Greenhouse Gas Emissions ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Sustainability ,
Tax Credits ,
U.S. Treasury ,
USDA
The U.S. Securities and Exchange Commission (SEC) on March 6, 2024, adopted a new slate of standardized climate-related disclosure rules for public companies and foreign private issuers. Adopted by a 3-2 vote, the final rules...more
3/11/2024
/ Annual Reports ,
Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Final Rules ,
Financial Reporting ,
Foreign Private Issuers ,
Greenhouse Gas Emissions ,
Publicly-Traded Companies ,
Regulation S-K ,
Regulation S-X ,
Regulatory Agenda ,
Risk Assessment ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
The Federal Aviation Administration (FAA) announced $300 million in funding for projects to help the aviation sector reach net-zero emissions by 2050. The application window is now open for $245 million in Fueling Aviation's...more
10/2/2023
/ Aerospace ,
Aviation Industry ,
Biofuel ,
Competitive Bidding ,
Federal Aviation Administration (FAA) ,
Federal Funding ,
Federal Grants ,
Fuel Supply ,
Greenhouse Gas Emissions ,
Sustainability ,
Sustainable Projects
The Biden Administration released the U.S. National Blueprint for Transportation Decarbonization (Blueprint) on Jan. 10, 2023, setting forth a comprehensive strategy for federal leadership and partnerships to decarbonize the...more
2/1/2023
/ Biden Administration ,
Carbon Emissions ,
Climate Change ,
Electric Vehicles ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
Federal Funding ,
Greenhouse Gas Emissions ,
Infrastructure ,
Maritime Transport ,
Research and Development ,
Transportation Industry ,
Vessels
The Inflation Reduction Act (IRA) authorized the Greenhouse Gas Reduction Fund (GGRF), a $27 billion clean energy deployment bank housed at the Environmental Protection Agency (EPA). The GGRF is the largest single pot of...more
The U.S. Supreme Court issued a long-anticipated ruling on June 30, 2022, regarding the authority of the U.S. Environmental Protection Agency (EPA) and other federal agencies to regulate greenhouse gas emissions from power...more
7/1/2022
/ Administrative Authority ,
Clean Air Act ,
Clean Power Plan ,
Climate Change ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
Greenhouse Gas Emissions ,
Power Plants ,
Regulatory Agencies ,
Regulatory Oversight ,
SCOTUS
The U.S. Securities and Exchange Commission (SEC) on March 21, 2022, proposed rules that would require registrants to disclose information regarding climate-related risks in certain periodic reports and registration...more
Holland & Knight's Energy and Natural Resources (ENR) Industry Sector Group invites you to read the Climate Week Report, which provides insights and analysis of the important developments from U.S. Climate Action Week, held...more
Senior Democrats from the U.S. House Committee on Energy and Commerce introduced on March 2, 2021, their comprehensive climate bill, the Climate Leadership and Environmental Action for our Nation's (CLEAN) Future Act. The...more
3/10/2021
/ Carbon Emissions ,
Climate Change ,
Department of Energy (DOE) ,
Electric Vehicles ,
Energy Sector ,
Environmental Justice ,
Environmental Protection Agency (EPA) ,
Greenhouse Gas Emissions ,
Infrastructure ,
Net Zero ,
Proposed Legislation ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Transportation Industry ,
Waste Management
President Joe Biden signed three Executive Orders (EOs) on Jan. 27, 2021, to launch a "whole of government" approach to align federal policy with climate change, building upon three prior EOs that President Biden signed on...more
2/25/2021
/ Biden Administration ,
Buy American Act ,
Clean Energy ,
Climate Change ,
Electricity ,
Executive Orders ,
Green Initiatives ,
Greenhouse Gas Emissions ,
Legislative Agendas ,
Obama Administration ,
Public Procurement Policies ,
Renewable Energy ,
Renewable Energy Incentives ,
Sustainability ,
Utilities Sector ,
Zero-Emission Vehicles
The social cost of carbon (SCC) has a checkered regulatory history spanning nearly 40 years, but it now has been thrust back onto the federal stage, front and center. Among President Joe Biden's first acts in office was a...more
1/26/2021
/ Biden Administration ,
Carbon Emissions ,
Climate Change ,
Environmental Protection Agency (EPA) ,
Federal Land ,
Greenhouse Gas Emissions ,
Methane ,
Obama Administration ,
Public Health ,
Trump Administration ,
Working Groups
In an eight-part series, we will examine initiatives outlined in recent congressional Democratic climate proposals, particularly the Climate Leadership and Environmental Action for our Nation's (CLEAN) Future Act introduced...more
In an eight-part series, we will examine initiatives outlined in recent congressional Democratic climate proposals, particularly the Climate Leadership and Environmental Action for our Nation's (CLEAN) Future Act introduced...more
Senior Democrats on the House Energy and Commerce Committee on Jan. 9, 2020, released a comprehensive legislative framework to combat climate change targeting net-zero emissions by 2050. The latest in the series of sweeping...more
1/10/2020
/ Carbon Emissions ,
Carbon Pricing ,
Climate Change ,
Congressional Committees ,
Electricity ,
Energy Projects ,
Green Buildings ,
Green Initiatives ,
Greenhouse Gas Emissions ,
Net Zero ,
Proposed Legislation ,
Renewable Energy
• Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Sen. Ed Markey (D-Mass.) on Feb 7, 2019, released companion resolutions that provide a framework for prospective legislation on a Green New Deal (GND), an ambitious climate...more
• Although energy and environmental issues are not expected to be among the top priorities for either party in the 116th Congress, this Holland & Knight client alert addresses several opportunities for limited bipartisan...more
11/8/2018
/ Appropriation ,
Automotive Industry ,
Carbon Taxes ,
Congressional Review Act ,
Continuing Resolution ,
Energy Sector ,
Environmental Protection Agency (EPA) ,
FERC ,
Greenhouse Gas Emissions ,
Lame Duck Session ,
Legislative Agendas ,
National Parks ,
Natural Resources ,
Political Campaigns ,
Protecting Americans from Tax Hikes (PATH) Act ,
Public Land ,
Trump Administration
• The U.S. Environmental Protection Agency (EPA) has issued a proposed rule to reduce greenhouse gas (GHG) emissions from existing coal-fired power plants, a replacement for the Clean Power Plan (CPP) finalized by the Obama...more
8/24/2018
/ Carbon Emissions ,
Clean Energy ,
Clean Power Plan ,
Coal Industry ,
Coal-Fired Plants ,
Comment Period ,
Electricity ,
Energy Sector ,
Environmental Protection Agency (EPA) ,
Greenhouse Gas Emissions ,
Oil & Gas ,
Power Plants ,
Proposed Rules ,
Public Comment
The U.S. Environmental Protection Agency (EPA) released an Advanced Notice of Proposed Rulemaking (ANPR) on Dec. 18, 2017, soliciting comments on its intention to propose a replacement rule for the Clean Power Plan (CPP). The...more
12/21/2017
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Appeals ,
Carbon Emissions ,
Clean Air Act ,
Clean Power Plan ,
Comment Period ,
Environmental Protection Agency (EPA) ,
Federal Register ,
Greenhouse Gas Emissions ,
Natural Gas ,
Power Plants ,
Proposed Rules ,
Public Comment ,
Public Health ,
Renewable Energy ,
Repeal
During his campaign, President-Elect Donald Trump vowed to scrap President Obama's Clean Power Plan (CPP) rule. The CPP is the cornerstone of President Obama's environmental legacy. The rule establishes the first national...more
12/9/2016
/ Carbon Emissions ,
Clean Power Plan ,
Climate Change ,
Energy & Climate Debates ,
Energy Policy ,
Energy Sector ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
Greenhouse Gas Emissions ,
Power Plants ,
Trump Administration
President-Elect Donald Trump has promised to bring back jobs in the coal industry and reduce regulations that could inhibit economic growth. His transition team has already begun arriving at federal agencies to review the...more
12/8/2016
/ Clean Energy ,
Clean Power Plan ,
Clean Water Act ,
Climate Change ,
Coal ,
Coal Industry ,
Energy Policy ,
Energy Sector ,
Environmental Protection Agency (EPA) ,
Greenhouse Gas Emissions ,
Mining ,
NAAQS ,
Natural Gas ,
NEPA ,
Ozone ,
Popular ,
Renewable Fuel Standard ,
Trump Administration ,
Waters of the United States
President Obama unveiled the final Clean Power Plan (CPP) rule on Aug. 3, 2015, which sets forth a historic and ambitious regulation for cutting greenhouse-gas pollution. The CPP establishes the first-ever national standards...more
8/5/2015
/ Air Pollution ,
Carbon Emissions ,
Clean Air Act ,
Clean Power Plan ,
Compliance ,
Department of Energy (DOE) ,
Discharge of Pollutants ,
Electric Generation Suppliers ,
Energy Sector ,
Environmental Protection Agency (EPA) ,
Federal Register ,
FERC ,
Greenhouse Gas Emissions ,
Intended Nationally Determined Contributions (INDC) ,
Obama Administration ,
Power Plants ,
Public Works
EPA's proposed rule is focused on limiting the carbon intensity of fossil fuel-fired power plants (commonly referred to as electric generating units or EGUs) by adopting goals to limit overall carbon dioxide (CO2)...more
6/10/2014
/ Barack Obama ,
Carbon Emissions ,
Clean Air Act ,
Climate Action Plan ,
Energy Policy ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
Greenhouse Gas Emissions ,
Oil & Gas ,
Power Plants ,
Public Comment ,
Renewable Energy ,
RGGI