On Nov. 10, 2023, the European Commission authorized a State aid scheme presented by Italy, earmarking EUR 1.7 billion to bolster agrivoltaic plants.
Intuitively, contamination reduces the value of property. But intuition does not count as evidence. The issues of how one proves that one ought to take a discount from a property’s “clean” value for tax, eminent domain, or other valuation purposes, how big that discount ought to be, and how long it ought to last remain
I was asked earlier this month to condense into an eight-minute presentation what a particular group of senior environmental lawyers “ought to know about developments in Superfund since October 2022 had they been paying attention.” It was, of necessity, an incomplete survey. This is my effort to record a slightly modified version. Practitioners may want
Global law firm Greenberg Traurig, LLP continues its strategic growth in Texas and its Energy & Natural Resources Practice with the addition of Regina A. Pearson as a shareholder in the Austin office. Pearson joins Greenberg Traurig from Faegre Drinker, where she served as co-chair of the infrastructure team, co-lead of the energy asset
Benchmark Litigation United States recognized five Greenberg Traurig attorneys in the firm’s Environmental Practice as Litigation Stars in its 2024 edition.
Benchmark Litigation is a guide to the world’s leading litigation firms and lawyers. According to the publication’s website, it provides law firm and lawyer rankings based on extensive interviews with litigators, dispute resolution specialists, and their clients,
On Sept. 27, 2023, the New York State Department of Environmental Conservation (DEC) released a draft policy (DEP-23-1) to implement the environmental justice provisions of the Climate Leadership and Community Protection Act (CLCPA), New York’s blueprint to reduce greenhouse gas (GHG) emissions. The policy is open for public comment until Nov. 27, 2023.
On Oct. 7, 2023, California Governor Gavin Newsom signed into law Senate Bill (SB) 253 and SB 261, both of which dramatically expand corporate climate disclosures for both private and public companies doing business in California. This development comes as the United States Securities and Exchange Commission (SEC) is finalizing new rules that would mandate
On Aug. 30, 2023, the U.S. Department of the Treasury published proposed regulations (Proposed Rules) addressing the prevailing wage and apprenticeship requirements imposed by the Inflation Reduction Act of 2022 (IRA) that taxpayers must satisfy to claim the full credit amount of certain U.S. federal income tax credits if the related facility, property,
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 economically revitalizing low-income communities across the country. A total of 102 organizations nationwide received tax credit allocation authority under this round of the NMTC Program.
On Sept. 11, 2023, the City Planning Commission approved amendments to the New York City Zoning Resolution, called “City of Yes for Carbon Neutrality,” proposed by Mayor Adams’ administration to advance the city’s climate goals, including an 80% reduction in carbon emissions by 2050. The changes are designed to support a renewable energy grid, make