Nate Gabig

Ahead of the upcoming General Affairs Council meeting, climate investments and energy transition are still high priorities. 🔝 As Member States prepare to discuss the future Multiannual Financial Framework (2028-2034), this moment represents a crucial opportunity to shape a budget that truly supports a fair 🍃 green transition, strengthens territorial cohesion, and ensures inclusive governance of EU funds. 💪 We are highlighting key areas where the Regulation establishing the National and Regional Partnership Plans requires strengthening to ensure that the next EU budget delivers effectively for regions, communities, and citizens across Europe. 

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🌎 Big changes ahead for companies doing business in California Two new climate disclosure laws—SB 253 (Greenhouse Gas reporting) and SB 261 (climate-related financial risk disclosure)—will soon require large companies to begin reporting to CARB. https://lnkd.in/gqKj-Eve 📅 Key deadlines Jan 1, 2026 → First SB 261 disclosures (climate risks + mitigation actions) June 30, 2026 → First SB 253 Scope 1 & 2 emissions reports 2027 → Scope 3 emissions reporting begins CARB has already released a preliminary list of ~4,160 covered entities, with refinements expected. While litigation is pending, deadlines remain in place—firms should not wait to prepare. ⚠️ Compliance will require new processes, data collection, and independent assurance. 👉 For questions or guidance on how these rules may impact your firm, contact ACEC California. Checkout the FAQs: https://lnkd.in/g2-3NRfc #CARB #SB253 #SB261 #ClimateDisclosure #GovCon #AEC

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Super enjoyed this podcast interview with my colleague Shana Ramirez and my alma mater at University of Pennsylvania on load forecasting and the challenges of new large loads. Utilities are transitioning from conventional econometric forecasting to more of a risk management approach to manage the challenges associated with very large new AI-driven data center loads. Data center load flexibility could be the key to connect-and-manage but it's yet to be seen how much of that will show up in real life.

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“Adding even one more dekatherm of gas commitment to the Southeast is senseless,” writes SACE senior decarbonization manager Shelley Hudson Robbins in this opinion piece. "Because the cost of these contracts is passed straight through to ratepayers, the utilities shoulder none of the cost risk, creating a moral hazard where utilities have no financial incentive to negotiate with consumer bills in mind," she writes. "Southeastern electric utilities are investing billions of dollars from future customer bills in gas plants and firm gas transportation contracts, and they are forcing ratepayers to buy increasingly expensive gas molecules to burn for decades to come. Is this really the best use of ratepayer money?"

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Just released, a set of practical policy recommendations that Governors can implement to support economic growth and energy affordability by aligning those disciplines in their states. Read the report, developed by NGA and McKinsey & Company with support from the Office of Electricity | U.S. Department of Energy, here: https://lnkd.in/eK-W7i3w

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Providing an overview of their 2024/25 stewardship activity, long-term engagement case studies, and sustainability and climate metrics, Columbia Threadneedle Investments' latest engagement report outlines the company's performance against their climate commitments. #Stewardship #ClimateCommitments #PensionsforPurpose https://zurl.co/JDey4

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