On Aug. 13, 2025, a federal court in California denied a request to temporarily block California’s Climate Corporate Data Accountability Act (SB 253) and Climate-Related Financial Risk Act (SB 261). The laws remain in effect as the legal process continues, with initial compliance deadlines approaching in 2026.
Continue Reading California Climate Disclosure Laws: Federal Court Denies Request to Block SB 253 and 261; Plaintiffs Appeal
When a responsible party agrees to clean up a contaminated site under many programs, the government often demands that it provide financial assurance for the completion of the work. When hazardous substances will remain on the site, the site may require response in perpetuity. Can one specify an amount of financial assurance to secure the forever cleanup? Earlier this spring, the Pennsylvania Commonwealth Court considered that question in a case involving cleanup of a site in Ford City. See PennEnvironment v. Department of Environmental Protection, No. 566 C.D. 2024 (Pa. Commw. Ct. Mar. 11, 2025).
Continue Reading Financial Assurance for Cleanup in Perpetuity
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credit (NMTC) awards on Sept. 22, with the goal of
Continue Reading U.S. Treasury Announces $5 Billion Allocation of New Markets Tax Credit Awards
On May 31, 2023, the IRS released Notice 2023-44, which provides additional guidance for applicants seeking allocations of the Qualifying Advanced Energy Project Credit under Section 48C of the
Continue Reading IRS Provides Additional Guidance for Advanced Energy Projects Under Section 48C of the Code
The Internal Revenue Service issued proposed regulations on May 31, 2023, for the Low-Income Communities Bonus Credit Program under Section 48(e) of the Internal Revenue Code. The proposed regulations provide
Continue Reading IRS Issues Proposed Regulations for Energy Projects Located in Low-Income Communities
On 12 April, the European Supervisory Authorities (ESMA, EBA, and EIOPA1) published a Consultation Paper proposing amendments to the European Commission’s Regulatory Technical Standards that implement Europe’s comparatively
Continue Reading SFDR Update: European Regulators Issue New Consultation & European Commission Provides New Guidance
Watch the “Renewables Year-End Review: M&A, Tax Equity and Finance Markets” webinar presented by GT’s Global Co-Heads of Energy Project Finance Jeffrey Chester and John Eliason, co-hosted with CohnReznick Capital
Continue Reading Renewables Year-End Review: M&A, Tax Equity and Finance Markets
EU law requires certain large companies to disclose non-financial information on the way they operate and manage social and environmental challenges. The current disclosure regime was introduced in 2014 by
Continue Reading EU to Make Changes to Its Sustainability Reporting Rules and Impose New Obligations on Non-European Companies
Global law firm Greenberg Traurig, LLP helped client Clēnera to close on construction and tax equity financing for the 105 MW DC Apex Solar project located in Beaverhead County, Montana.
Continue Reading Greenberg Traurig Represents Clēnera on Construction and Tax Equity Financing for the 105 MW DC Apex Solar Project
This GT Alert outlines how the Inflation Reduction Act, which the House passed Aug. 12 and now heads to the president’s desk, would apply to the renewable energy industry.
Click
Continue Reading How the Inflation Reduction Act May Impact the Renewable Energy Industry