Governments and policymakers are responding to stakeholder pressure by signing new regulations that address the occurrence and severity of dominant ESG issues. From emission trading schemes and carbon taxes to gender equality and executive compensation, we support our clients in optimizing their exposure to current and upcoming ESG regulations. Our team has conducted market insights, compliance strategies, and advocacy support for a variety of ESG regulations, including the Western Climate Initiative (WCI) and Regional Greenhouse Gas Initiative (RGGI).
- Advocacy Support
- Capacity Building & Workshops
- Compliance Strategies & Management
- International Operations
- Market Requirements & Solutions
- Policy Insights (Carbon Markets, Renewable Energy, ESG Disclosure)
- Regulatory Optimization
- Tax Rules & Credits
Cost-Saving Strategies for California and Quebec Regulated Emitters
November 1, 2021, is the compliance deadline for emitters covered under the California and Quebec Cap-and-Trade programs. One of the simplest compliance cost-saving strategies is for entities to take full advantage of their ability to substitute offsets for up to 8% of their total obligation. However, for the previous compliance period covering 2015-2017, California entities surrendered only 6.36% of the possible 8% offsets, and Quebec entities surrendered only 3.5% of the possible 8% offsets. Why did emitters leave so much potential savings on the table?
Moving Forward with Net-Zero
In late January 2020, the United States House Energy and Commerce Committee released a discussion document on the Climate Leadership and Environmental Action for our Nation’s (“CLEAN”) Future Act, which has the broad sweeping goal of reaching a “100% clean economy by 2050”. It is one of many attempts from the federal government to align goals for creating an economy that achieves carbon neutrality. So if we are seeing social, corporate and political trends towards a 100% clean economy, what is the role of legislation if action is already happening? Why are announcements like the CLEAN Future Act still meaningful and needed?