California Governor Gavin Newsom has signed a landmark climate disclosure bill into law, requiring large companies to report their greenhouse gas emissions and climate-related financial risks starting in 2026. This legislation aims to enhance transparency and accountability in corporate environmental practices.

California’s latest proposed amendments to its climate laws aim to enhance transparency and accountability in greenhouse gas (GHG) emissions and climate risk reporting. These changes reflect the state’s commitment to leading climate action despite ongoing budget negotiations and deployment challenges.

On October 7, 2023, California Governor Gavin Newsom made a significant move in the fight against climate change by signing into law two landmark bills - SB-253, the "Climate Corporate Data Accountability Act," and SB-261, "Greenhouse Gases: Climate-Related Financial Risk." These laws represent the first industry-agnostic climate regulations in the United States, and mandate the disclosure of greenhouse gas emissions and climate-related financial risks by large public and private companies operating in California.

Last week, California governor Gavin Newsom signed on a package of legislation that will address a wide array of climate measures designed to ensure the state will reach it commitment of net-zero greenhouse gas emissions by 2045 among other ambitious goals. Legislation includes bills to reduce carbon emissions, protect Californians from big polluters and accelerate the transition to clean energy.

The California Air Resources Board on August 25th approved the Advanced Clean Cars II rule. This rule outlines a year-by-year roadmap as to how the state will make it so that 100% of new cars and light trucks sold in California will be zero emission vehicles by 2035.

California is commonly known for it’s earthquake risk and more recently, severe drought and wild fires. However, the tides are changing for California as a new study from UCLA predicts that potentially catastrophic flooding or what being called a “megaflood” is likely to happen. While there isn’t a clear timeline on when this “megaflood” may hit, the study from UCLA indicates that the possibility has been almost doubled thanks climate change.

This week, The California Energy Commission (CEC) adopted a set of goals that will enable the state to develop clean energy through offshore wind. This offshore wind development is expected to generate 2,000-5,000 megawatts (MW) of offshore wind by 2030, and should increase to 25,000 MW by 2045. Assuming the state hits these goals, that would be enough electricity to power 3.75 million homes by 2030 and 25 million homes by mid-century.