California Passes Extensive Energy and Climate Bills, Accelerating Net-Zero

September 5, 2022 EcoVadis EN


On the last day of the legislative session, California lawmakers took significant action, passing some of the most extensive energy and climate bills seen at the state level.

The state legislature passed bills on Aug. 31 that include $54 billion in funding for clean energy, a framework for implementing carbon capture, removal, and storage, as well as financing to keep its last nuclear power plant open through 2035. All are a step toward the state’s goal of becoming net-zero by 2045, and took place against the backdrop of the electrical grid facing pressure from a significant heatwave.

The legislative decisions also come about a month after Gov. Gavin Newsom said net-zero targets need to be accelerated. In a July 22 letter to the California Air Resources Board, he suggested new targets such as increasing offshore wind energy capacity by at least 20 gigawatts by 2045, as well as installing 100 million metric tons of carbon capture capacity.


Read the full article at: www.environmentalleader.com

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EcoVadis EN

EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.

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