On April 22, 2021 (Earth Day), President Biden announced his intent for the United States to reduce economy-wide greenhouse gas (GHG) emissions 50-52 percent from 2005 levels by 2030. President Biden announced the goal during the Leaders Summit on Climate, a virtual summit convened by the President and attended by 40 world leaders. According to the administration’s summary Fact Sheet, it will initiate a variety of new initiatives:
Many of the Biden initiatives mirror or expand on GHG reduction policies introduced in California. For example, the state’s Clean Energy and Pollution Reduction Act (Senate Bill 350) set a goal of reducing GHG to 40 percent below 1990 levels by 2030 and to 80 percent below 1990 levels by 2050. California’s SB 100 sets a 2045 goal of powering 100% of retail electricity sold in California with renewable and zero-carbon resources. California’s Cap-and-Trade and Low Carbon Fuel Standard programs incentivize GHG reduction in the industrial and transportation sectors, and California has created a comprehensive strategy to reduce emissions of short-lived climate pollutants pursuant SB 1383.
On Earth Day 2021, Governor Newsom issued climate policy directives building on earlier directives to phase out gasoline powered cars and trucks. Governor Newsom also directed the California Geologic Energy Management Division to cease issuing permits for new hydraulic fracturing wells by 2024 and required the California Air Resources Board to study how oil extraction can be completely phased out in the context of the next AB 32 Scoping Plan.
Many Ellison Schneider Harris & Donlan clients have pioneered clean energy technologies and projects. We are proud of providing legal support for these efforts to reduce and mitigate CO2 emissions in California. We will continue to support California’s role as a leader and innovator and carefully monitor the changing federal regulatory landscape for new issues and opportunities.
For more information, contact: Christian Briggs or Brian Biering.