Full Steam Ahead: California Legislative Action
A flurry of climate bills passed California's state legislature in 2023, breaking new ground and setting higher standards for subnational and national climate policy. The bills included SB 253 (Climate Corporate Data Accountability Act) and SB 261 (Greenhouse Gases: Climate-Related Financial Risk) covering corporate climate disclosure and AB 1305 (the Voluntary Carbon Market Disclosures Act), which addresses greenwashing and imposes disclosure requirements around the marketing, sale and use of offsets. Also passed by the legislature but vetoed by Governor Newsom was SB 390, which also addressed greenwashing and credit integrity. This session will discuss where implementation of these bills stands, key issues and challenges and how they relate to US federal and EU rules.
Speakers:
- Nico van Aelstyn, Partner, Sheppard Mullin
- Ross Zelen, Joint Legislative Committee on Climate Change Policies, California State Senate
- Lauren Sanchez, Office of Governor Gavin Newsom
- Steven Rothstein, Ceres
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