As we have previously reported over the last two weeks, the 29th Annual United Nations (UN) Climate Change Conference (COP29) focused heavily on climate finance and implementing key strategies for global emissions reduction,...more
11/27/2024
/ Climate Action Plan ,
Climate Change ,
COP ,
Environmental Summit ,
Financial Institutions ,
Global Warming ,
Greenhouse Gas Emissions ,
Investment ,
Paris Agreement ,
Sustainable Finance ,
United Nations
The previous annual finance goal (the New Collective Quantified Goal (NCGC)) of $100 billion expires this year. However, wealthy countries only met the pledge in full starting in 2022. Negotiation teams are working on draft...more
11/15/2024
/ Carbon Emissions ,
Climate Change ,
COP ,
Donald Trump ,
Environmental Policies ,
Funding ,
Greenhouse Gas Emissions ,
Legislative Agendas ,
Paris Agreement ,
Regulatory Agenda ,
United Nations
Day three of the 29th Annual United Nations Climate Change Conference COP29 saw the end of the first part of the high-level segment for heads of state and other global leaders in Baku as well as the announcement of...more
11/14/2024
/ Carbon Emissions ,
Climate Change ,
COP ,
Donald Trump ,
Energy Sector ,
Environmental Policies ,
Funding ,
Greenhouse Gas Emissions ,
Legislative Agendas ,
Nuclear Power ,
Paris Agreement ,
Regulatory Agenda ,
United Nations
Day two of the 29th Annual United Nations Climate Change Conference (COP29) saw the US Special Presidential Envoy for Climate make its first post-election statements in Baku....more
11/14/2024
/ Biden Administration ,
Carbon Emissions ,
Climate Change ,
COP ,
Energy Sector ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
Greenhouse Gas Emissions ,
Legislative Agendas ,
Paris Agreement ,
United Nations
On the first day of the 29th Annual United Nations Climate Change Conference (COP29), US Climate Envoy John Podesta said the fight against climate change will not stop under President-elect Donald Trump’s next term....more
During this webinar, Heather Cooper and Carl Fleming, partners in the McDermott’s energy & project finance group, teamed up with McDermott+Consulting’s Debra Curtis to break down the key opportunities and actionable steps...more
11/21/2022
/ Biden Administration ,
Climate Change ,
Energy Sector ,
Financing ,
Greenhouse Gas Emissions ,
Healthcare ,
Hospitals ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Tax Deductions ,
Tax Equity
On April 27, members from McDermott’s ESG, Impact & Sustainability Group, including Counsel David Cifrino and Partners Thomas Dawson, Carl Fleming and Jacob Hollinger, hosted a webinar on risks, opportunities and disclosures...more
The US Securities and Exchange Commission’s (SEC) recently proposed landmark climate-related disclosure rules draw attention to a broad scientific consensus that to avert catastrophic consequences from climate change, the...more
3/29/2022
/ Business Opportunities ,
Carbon Emissions ,
Climate Change ,
Disclosure Requirements ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
Insurance Industry ,
Investors ,
Net Zero ,
Publicly-Traded Companies ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Webinars
US RENEWABLES: INVESTMENT OPPORTUNITIES PERSIST IN UNCONVENTIONAL PLACE -
Apart from a few challenges, the sellers’ market in renewable energy is accelerating under the Biden administration, leading international investors...more
10/5/2021
/ Asia ,
Biden Administration ,
Clean Energy ,
Climate Change ,
Energy Sector ,
EU ,
Green Deal ,
Hydrocarbons ,
Infrastructure Financing ,
International Trade ,
Investment ,
Investors ,
Petrochemicals ,
Renewable Energy ,
Sanctions ,
Sellers ,
UK
The US Department of the Interior (DOI) announced plans to expand offshore wind development off the coasts of New York and New Jersey by proposing a lease sale it strives to complete by the end of this year. More...more
6/17/2021
/ BOEM ,
Clean Energy ,
Climate Change ,
Department of the Interior ,
Energy Policy ,
Energy Projects ,
Gulf of Mexico ,
Offshore Wind ,
Renewable Energy ,
State and Local Government ,
Wind Power
2030 is the new 2050 as US President Joe Biden has officially set a new goal for fighting climate change over the next decade in the United States. At the Leaders Climate Summit (the Summit) on Earth Day, he announced that...more
4/28/2021
/ Biden Administration ,
Carbon Capture and Sequestration ,
Clean Energy ,
Climate Change ,
Energy Storage ,
Greenhouse Gas Emissions ,
Infrastructure Financing ,
Investment Tax Credits ,
Net Zero ,
Offshore Wind ,
Production Tax Credit ,
Renewable Energy ,
Tax Policy ,
Tax Rates ,
Tax Refunds
Earlier this week, Michael Regan was confirmed as the head of the Environmental Protection Agency (EPA), winning US Senate approval by a 66–34 vote. Regan’s confirmation will serve as an asset to the Biden administration’s...more
On Tuesday, US National Climate Advisor Gina McCarthy publicly underscored President Joe Biden’s commitment to supporting the electric vehicle (EV) industry and other industries aimed at tackling the climate crisis. She noted...more
Today, Jennifer Granholm was confirmed as secretary of energy, winning US Senate approval by a 64–35 vote. Granholm’s confirmation serves as another boost to President Joe Biden’s plan to tackle climate change and develop...more
The energy market has undergone significant change in the past 12 months, with even more on the horizon. Join us for a webinar series as we explore how these changes have shaped—and will continue to impact—the energy...more
2/19/2021
/ Biden Administration ,
Climate Change ,
Energy Market ,
Energy Sector ,
Executive Orders ,
Investment Opportunities ,
Investment Tax Credits ,
Renewable Energy ,
Renewable Energy Investments ,
Solar Energy ,
Underserved Locations ,
Webinars
Many stakeholders have called for the United States to adopt a carbon tax. Such a tax could raise billions of dollars in annual revenue while simultaneously reducing greenhouse gas emissions. Several carbon tax proposals were...more
2/12/2021
/ Biden Administration ,
Carbon Emissions ,
Carbon Taxes ,
Charging Stations ,
Clean Air Act ,
Climate Change ,
Department of Energy (DOE) ,
Department of Environmental Protection ,
Fossil Fuel ,
Methane ,
New Legislation ,
Renewable Energy
On February 3, 2021, Pete Buttigieg was sworn in as secretary of transportation after his nomination passed the US Senate 86-13. His confirmation means a likely boon for investment in US infrastructure, particularly for those...more
Under US President Joe Biden’s recent climate change Executive Orders, the Biden-Harris Administration set US offshore wind plans in motion and set a goal of doubling US offshore wind leases in federal waters by 2030....more
On January 27, 2021, US President Joe Biden signed a series of Executive Orders that aim to “confront the existential threat of climate change” in the United States, overseas and throughout the federal government while...more
1/28/2021
/ Biden Administration ,
Carbon Emissions ,
Clean Energy ,
Climate Change ,
Energy Sector ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
Executive Orders ,
Infrastructure ,
Legislative Agendas ,
Regulatory Agenda ,
Renewable Energy ,
Transportation Industry