The U.S. Securities and Exchange Commission (S.E.C.) is expected to release weaker climate disclosure rules than originally proposed due to intense corporate lobbying and Republican opposition. While the rules will likely require U.S.-listed companies to disclose significant climate risks and their own emissions (Scope 1 and 2), they are not expected to mandate disclosure of Scope 3 emissions. Despite criticism, the rules aim to address investor demand for climate-related information amidst increasing climate-related risks and disasters. However, political and legal challenges are anticipated from both right-wing critics and climate activists. Despite the S.E.C.’s actions, climate disclosure is becoming more common, with various jurisdictions already implementing similar rules. Meanwhile, John Kerry, President Biden’s climate envoy, reflects on his tenure, emphasizing the need for urgent action and expressing disappointment in global funding efforts for climate adaptation and mitigation. Kerry plans to continue advocating for climate action after stepping down from his role.

https://www.nytimes.com/2024/03/05/climate/how-a-climate-rule-got-watered-down.html