Current Landscape of Climate Regulations in the US

Despite political impasses on climate regulations, California has taken a leading role by passing laws that have significant effects on companies, including those not based in California. These laws focus on disclosure mandates regarding greenhouse gas emissions and climate-related risks to business operations. This is just the start, as reduction mandates are expected to follow. While California has taken significant steps, federal regulations from the Securities and Exchange Commission and banking regulators are still awaited. Climate regulations in the US mainly revolve around disclosures, with companies required to publicly report their emissions and assess their vulnerability to climate risks.