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What Does The Carbon Asset Recovery Service Do?
New Regulations Gaining Momentum
▰ The US currently lags behind many other nations but is gaining momentum. In March 2022, the Securities and Exchange Commission (SEC) proposed rule changes that would require the inclusion of certain climate-related disclosures in corporate registration statements and periodic reports, including information about climate-related risks that could have a material impact on their business. The required information would also include disclosure of greenhouse gas emissions.
▰ In late 2021, the Boston City Council adopted amendments that strengthened the Building Energy Reduction and Disclosure Ordinance. This move required large buildings to track and disclose their greenhouse gas emissions and to use audits and energy efficiency upgrades to achieve emissions-reduction goals in the next several years.
▰ In New York City, the Climate Mobilization Act’s Local Law 97 requires all buildings larger than 25,000 square feet to meet ambitious carbon reduction targets.
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What Do I Need To Do?
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