{"id":2061933,"date":"2023-10-10T12:30:03","date_gmt":"2023-10-10T16:30:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/newsom-signs-landmark-california-climate-law-to-require-big-businesses-to-report-carbon-emissions\/"},"modified":"2023-10-10T12:34:21","modified_gmt":"2023-10-10T16:34:21","slug":"newsom-signs-landmark-california-climate-law-to-require-big-businesses-to-report-carbon-emissions","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/newsom-signs-landmark-california-climate-law-to-require-big-businesses-to-report-carbon-emissions\/","title":{"rendered":"Newsom signs groundbreaking CA climate law, mandates carbon emission reporting for big businesses."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnewsom-signs-landmark-california-climate-law-to-require-big-businesses-to-report-carbon-emissions%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2061933&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>California Becomes First State to\u200c Enact Corporate Carbon Emissions Disclosure Program<\/h2>\n<p>On \u2063October \u200c7,\u2063 Governor Gavin Newsom signed into law\u200b a groundbreaking bill that requires\u2064 major corporations\u2063 operating in California to report their greenhouse gas emissions. This move establishes the nation&#8217;s first \u2062corporate carbon emissions disclosure \u2063program.<\/p>\n<blockquote>\n<p>&#8220;California\u2062 is once \u200dagain taking a strong global lead on climate action \u200bby enacting the strongest\u2014indeed, the first\u2014carbon disclosure requirements \u2062in the nation,&#8221; said\u200c Senator Scott Wiener, the author of the legislation.<\/p>\n<\/blockquote>\n<p>The new law, known as Senate Bill (SB) 253 or the \u2063&#8221;Climate Corporate Data \u2064Accountability\u200b Act,&#8221; mandates that corporations with annual revenues exceeding $1 billion\u200d publicly disclose their direct and indirect carbon\u200d emissions. This includes emissions from employee travel, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/patrick-warburton-hilariously-talks-taking-broom-to-gavin-newsom-pinata-as-adam-carolla-crushes-kaepernick-on-latest-truth-yeller\/\" title=\"Patrick Warburton Hilariously Talks Taking Broom To Gavin Newsom Pinata, As Adam Carolla Crushes Kaepernick On Latest \u2018Truth Yeller\u2019\">office air conditioning<\/a> use, heating, and other activities.<\/p>\n<p>In addition to reporting their own emissions, companies\u200d must\u200c also\u2063 disclose the carbon emissions associated with their\u200b supply chains in \u2064California. They will also be required to pay\u200b a \u200dfee\u2062 to the California Air Resources Board\u2063 (CARB) for filing yearly reports.<\/p>\n<h3>Related Stories<\/h3>\n<ul>\n<li><a href=\"http:\/\/www.theepochtimes.com\/us\/california-assembly-approves-bill-mandating-strict-emissions-disclosures-from-big-businesses-5490062?ea_src=author_manual&#038;ea_med=related_stories\"><strong>California Assembly Approves\u2064 Bill Mandating Strict Emissions Disclosures From Big Businesses<\/strong><\/a>  &#8211; Published on 9\/12\/2023<\/li>\n<li><a href=\"http:\/\/www.theepochtimes.com\/us\/california-bill-would-ask-big-companies-to-report-emissions-yearly-5476399?ea_src=author_manual&#038;ea_med=related_stories\"><strong>California Bill Would Ask Big Companies to \u2062Report Emissions Yearly<\/strong><\/a>  &#8211; Published on 8\/18\/2023<\/li>\n<\/ul>\n<p>Senator Wiener emphasized the importance of transparency in \u2063tackling\u2063 climate \u200cchange. He stated, &#8220;When corporations are transparent about the full scope\u2063 of their emissions, they have the tools \u200band incentives to tackle them.&#8221;<\/p>\n<p>Governor Newsom \u2064also \u200csigned a\u200d related climate-action\u200b measure, Senate Bill \u2062(SB) 261, which requires \u2063businesses earning\u2062 over $500 million annually in California to submit \u200ca report every two years on their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chamber-of-commerce-signals-opposition-to-latest-biden-fed-nominee-sarah-bloom-raskin\/\" title=\"Chamber Of Commerce Signals Opposition To Latest Biden Fed Nominee Sarah Bloom Raskin\">climate-related financial risks<\/a>.<\/p>\n<p>Both bills will go into effect on January 1, 2026, but the governor\u200c expressed concerns about their financial\u2062 impact and plans to work with the\u2063 Legislature to modify or\u200c streamline the programs.<\/p>\n<p>During the signing ceremony, Governor Newsom reaffirmed California&#8217;s commitment to lead the nation in climate action, despite opposition from the California Chamber of Commerce. He stated, &#8220;The \u2063future happens in California first.&#8221;<\/p>\n<p>Support\u200c for \u200dthe legislation came from various businesses, including Apple and Salesforce. IKEA, Patagonia, Sierra Nevada Brewing Co.,\u2062 and Seventh Generation, among others, also\u200d backed the bill.<\/p>\n<p>Environmental organizations, such as California Environmental Voters \u200band the Sierra \u2063Club, praised the governor&#8217;s \u200cdecision, \u2063highlighting the significance of mandatory emissions and risk \u200ddisclosures in addressing the climate crisis.<\/p>\n<p>While the bills received mostly partisan support, with Republicans voting against them, Governor Newsom&#8217;s action marks a significant step forward in corporate accountability for carbon emissions in California.<\/p>\n<figure style=\"width:600px\" class=\"alignnone\">\n  <img decoding=\"async\" src=\"https:\/\/www.gettyimages.com\/detail\/news-photo\/california-gov-gavin-newsom-speaks-as-he-attends-the-climate-news-photo\/123456789\" alt=\"California Gov. Gavin Newsom \u200bspeaks as he attends the\u2062 Climate Ambition Summit \u200bat the\u2064 United Nations Headquarters in \u200cNew\u200c York, on Sept. \u200c20, 2023.\"><figcaption>California Gov. Gavin Newsom speaks as he attends the \u200bClimate \u2063Ambition Summit at \u200bthe United \u2064Nations Headquarters\u200d in New York, on Sept. 20, 2023. The event, held during \u2064Climate Week\u2064 NYC \u200band the UN General \u2063Assembly, seeks to\u200c gather support for global \u2063agreements aimed at phasing out the use \u200cof fossil fuels. (Kena Betancur\/Getty \u200dImages)<\/figcaption><\/figure>\n<p>However, the \u200dCalifornia Chamber of Commerce expressed disappointment, \u200dciting the added \u200bobligations and hardships on affected businesses.<\/p>\n<p>With this groundbreaking \u200dlegislation, California sets a global precedent\u200c in corporate accountability and takes a significant step towards a\u200c more sustainable future.<\/p>\n<p> Fy \u2062the fee structure \u200dand ensure\u2062 that small businesses\u2062 are\u2064 not burdened.<\/p>\n<h2> How can the fee structure be adjusted to alleviate financial \u2062burdens on small\u2063 businesses?<\/h2>\n<p><span>  \u200c There are several ways to adjust the fee\u200d structure in order to alleviate financial burdens\u2064 on small businesses:<\/p>\n<p>1. \u200cTailored fee exemptions or reductions: Offer specific exemptions \u200dor reduced fees for small businesses based on criteria such \u200cas \u2063annual revenue, number of employees, or industry sector. This can help alleviate\u200c the burden of high fees for businesses that may be\u2063 operating on tight budgets.<\/p>\n<p>2. \u2062Graduated fee structures: Implement a tiered fee\u2062 structure where fees increase based on the size or revenue of the business. This ensures that\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/newsom-signs-landmark-california-climate-law-to-require-big-businesses-to-report-carbon-emissions\/\" title=\"Newsom signs groundbreaking CA climate law, mandates carbon emission reporting for big businesses.\">smaller businesses pay proportionately lower fees compared<\/a> to larger corporations, which can better reflect their financial capabilities.<\/p>\n<p>3. Waiving or reducing permit fees: Permit fees can often pose a significant financial burden, especially for small businesses\u2064 starting\u200c or expanding operations. Consider waiving or reducing\u2063 permit fees, \u200cparticularly for businesses\u200c that are creating jobs or contributing to the local economy.<\/p>\n<p>4. Annual fee reviews: Regularly review and reassess the fee structure to ensure it remains fair and reasonable for small businesses. This allows for adjustments based on\u2062 economic \u200dconditions, \u200dcost of services provided, and \u2062the financial status of businesses.<\/p>\n<p>5. \u200cPayment flexibility: Provide flexible \u2063payment options for fees, such as installment plans or extended payment periods,\u2062 which can help alleviate the \u200bimmediate financial strain on small businesses.<\/p>\n<p>6. Establish fee caps: Set maximum limits on certain types of fees that disproportionately affect small businesses. This ensures that fees remain\u2064 within \u200ca reasonable range and prevents excessive financial burdens on smaller enterprises.<\/p>\n<p>7.\u200c Fee waivers for struggling businesses: \u200dDuring economic downturns \u2064or unforeseen crises, consider implementing temporary fee waivers for \u200dstruggling businesses. This can provide immediate relief when\u2063 businesses are facing \u2064financial hardships.<\/p>\n<p>8. Transparent fee structures: Ensure that fee structures are clear, transparent, and easily accessible to small businesses. This allows businesses to better\u2064 understand the fees they are\u2064 required to pay, helping them plan and allocate resources accordingly.<\/p>\n<p>It&#8217;s important to strike\u2063 a balance between providing relief for small businesses\u2062 while still ensuring\u2062 enough revenue is generated to support necessary services and\u200d infrastructure. Collaboration with <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-see-economic-chaos-as-opportunity-for-more-government-spending-welfare-programs\/\" title=\"Democrats See Economic Chaos As Opportunity For More Government Spending, Welfare Programs\">small business advocacy groups<\/a>\u200d and stakeholders can help \u2063identify the most appropriate\u2063 adjustments to\u2063 the fee \u200dstructure.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>emit. This new law, signed by Gov. Newsom on Oct. 7, makes California the first state to implement a corporate carbon emissions disclosure program. Major corporations operating in the state will now be obligated to report their greenhouse gas emissions, promoting transparency and accountability in the fight against climate change.<\/p>\n","protected":false},"author":242,"featured_media":2061934,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2061933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2061933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/242"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2061933"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2061933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2061934"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2061933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2061933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2061933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}