The International Maritime Organization (IMO) Marine Environmental Protection Committee (MEPC) declined to formally adopt a mandatory greenhouse gas (GHG) reduction scheme for the shipping industry - known as the Net-Zero...more
With an office in Boston, Beveridge & Diamond (B&D) closely tracks developments, upcoming deadlines, and business implications for companies with operations in Massachusetts and the greater New England region. This article...more
10/16/2025
/ Air Pollution ,
Climate Change ,
Environmental Justice ,
Executive Orders ,
New Legislation ,
NPDES ,
Permits ,
Popular ,
Renewable Energy ,
Reporting Requirements ,
State and Local Government
Value chain decarbonization intervention, also referred to as “carbon insetting,” is emerging as an important element of corporate climate strategies—and a potentially valuable opportunity for carbon reduction/removal project...more
Mexico is moving forward with efforts to curb greenhouse gas (GHG) emissions, even as the US backs away from such efforts. Mexico’s Emissions Trading System (ETS) is close to launch, and additional efforts will help to...more
In an 11th-hour legislative push, California lawmakers passed AB 1207 and SB 840 over the weekend of September 13, extending the state’s greenhouse gas reduction program through 2045 and rebranding it as “Cap-and-Invest” to...more
On September 9, 2025, the Greenhouse Gas Protocol (GHG Protocol) and International Organization for Standardization (ISO) announced a new strategic partnership to harmonize and co‑develop greenhouse gas (GHG) accounting...more
What Happened -
The U.S. Environmental Protection Agency (EPA) announced a proposal to end the Greenhouse Gas Reporting Program (GHGRP), citing high compliance costs and limited regulatory value. EPA estimates that...more
On September 10, 2025, the Commodity Futures Trading Commission (CFTC) formally withdrew its October 15, 2024 guidance titled “Commission Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts.” Issued...more
On September 2, the California Air Resources Board (CARB) published its long-awaited draft guidance on compliance with California’s Climate‐Related Financial Risk Act (S.B. 261) (codified in Health & Safety Code Section...more
On August 15, 2025, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued Notice 2025-42 (Guidance), updating the rules on when construction is considered to have “begun” for purposes of...more
Key Takeaways -
What is Happening? On August 13, 2025, the U.S. District Court for the Central District of California (the District Court) denied the motion for a preliminary injunction filed by the United States Chamber of...more
8/20/2025
/ California ,
CARB ,
Climate Change ,
Constitutional Challenges ,
Disclosure Requirements ,
First Amendment ,
Greenhouse Gas Emissions ,
Popular ,
Preliminary Injunctions ,
Reporting Requirements ,
State and Local Government
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, significantly revising the U.S. tax code to reflect the Administration’s domestic energy, trade, and national security priorities. Among...more
7/17/2025
/ Clean Energy ,
Energy Policy ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
New Legislation ,
Popular ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Tax Reform ,
Treasury Regulations ,
Wind Power
On July 3, 2025, the Regional Greenhouse Gas Initiative (RGGI) completed and released its Third Program Review and an updated CO2 Budget Trading Program Model Rule. RGGI evaluated numerous scenarios during the multi-year...more
Senate Draft of BBB Would Standardize and Reduce Value of 45Q Credit, Diminishing Incentives for Long-Term Carbon Storage -
The Senate’s draft of the “One Big Beautiful Bill” (BBB) proposes several material changes to...more
The U.S. Environmental Protection Agency (EPA) proposed a landmark rule revising the Renewable Fuel Standard (RFS) program. This proposal – termed the “Set 2” Rule - marks the 20th anniversary of the RFS program and reflects...more
On May 23, 2025, Maine’s Governor Janet Mills signed into law “An Act to Require Landowners to Report Their Participation in a Forest Carbon Program or Project” (H.P.3 – L.D. 39; codified at 12 MRSA § 8881, sub-§2-A-C; 12...more
This alert was originally published on September 19, 2024, and has been revised based on recent developments.
Update: On April 29, 2025, US EPA and the Texas Railroad Commission (RRC) signed a memorandum of agreement...more
Overview -
Among its energy policy priorities, early executive orders, and other actions, the Trump administration has reinforced its commitment to expanding the U.S. biofuels sector, which typically has strong bipartisan...more
3/6/2025
/ Biofuel ,
Department of Energy (DOE) ,
Energy Policy ,
Environmental Protection Agency (EPA) ,
Internal Revenue Code (IRC) ,
IRS ,
Regulatory Agenda ,
Renewable Energy ,
Tax Credits ,
Trump Administration ,
USDA
Update: On February 11, 2025, acting SEC Chairman Mark Uyeda issued a statement changing the SEC’s position on the Final Climate Rules. Chairman Uyeda states that he “continue[s] to question the statutory authority of the...more
Following climate laws passed in 2021 and 2022, Massachusetts has again enacted a new piece of climate-focused legislation. On November 21, 2024, Governor Maura Healey signed into law “An Act Promoting a Clean Energy Grid,...more
Overview -
Following our post-election Alert outlining major anticipated themes for environmental and natural resource law and policy in the second Trump administration, leaders from a number of our practices – many of...more
The U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) finalized regulations on the clean electricity production tax credit and clean electricity investment tax credit under sections 45Y and 48E...more
Overview -
Beveridge & Diamond’s Carbon Markets Roundup covers domestic and international issues of note in mandatory and voluntary markets, as well as related regulatory programs aimed to reduce greenhouse gas (GHG)...more
In May 2024, the White House announced a Joint Policy Statement and Principles (Statement ) on voluntary carbon markets (VCMs) in conjunction with the U.S. Department of Energy, the U.S. Department of the Treasury, and the...more
The U.S. Environmental Protection Agency (EPA) Region 6 recently issued the first draft Class VI permits in Texas under the Safe Drinking Water Act (SDWA) Underground Injection Control (UIC) program. These draft permits would...more