California's First-in-the-Country GHG Emissions & Climate Risk Laws

California's First-in-the-Country GHG Emissions & Climate Risk Laws

Client Alert: On October 7, 2023, California Governor Gavin Newson signed two landmark bills into law requiring large companies doing business in California to publicly report their annual GHG emissions (Senate Bill (SB) 253) and climate-related financial risks (SB-261).

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California Assembly Passes 100% Renewable Energy Bill

California Assembly Passes 100% Renewable Energy Bill

The California State Assembly passed a historic bill that would require the state to obtain 100% of all retail electricity sales from renewable and zero-emissions resources by 2045.

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Paris Agreement on Climate Change

Paris Agreement on Climate Change

On December 12, 2015, in Paris, 195 countries signed a global agreement that sets out an action plan that the signatories believe has the potential to curtail future climate change by limiting the increase in global warning to below 2℃ above pre-industrial levels. The agreement does not impose limits but it rather relies on each nation's voluntary plan to curtail GHG emissions. The agreement will enter into force after 55 countries that account for at least 55% of global GHG emissions have ratified the agreement. 

For more information go to newsroom.unfccc.int 

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