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EPA Decision Shifts Focus to States and Cities for Climate Risk Mitigation

7/25/2022  ·  by CRE Finance Council  ·  Environmental, Social, Governance  ·  Legislation and Regulation

Prospects for significant climate regulation at the Federal level have dimmed due to a recent Supreme Court case that ruled the Environmental Protection Agency (EPA) does not have the authority to regulate carbon emissions from power plants.. The Supreme Court ruling pointed to the “major questions doctrine” for the first time, setting precedent that major regulatory changes must first be expressly authorized by Congress. Any further regulatory moves to address climate risk, including implementation of the Securities and Exchange Commission’s (SEC) climate disclosure proposal, will likely be litigated at every turn.

Tags: EPA  ·   Climate Risk Mitigation  ·   SEC  ·   Supreme Court  ·