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The 2011 Plan - Presidential Climate Action Project

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Corporate <strong>Climate</strong> Risk Disclosure (January 2010)<strong>The</strong> Securities and Exchange Commission (SEC) issued guidance on how publicly traded companiesshould disclose risks related to climate change as part of the requirement for annual corporate riskdisclosures. <strong>The</strong> SEC identified four areas where climate change could trigger disclosure requirements:Military Use of Biofuels (January 21, 2010)<strong>The</strong> U.S. Department of Agriculture and the Department of the Navy signed a Memorandum ofUnderstanding to encourage the development of advanced biofuels and other renewable energysystems for use by the military.New Fuel Economy Standards for Model Year <strong>2011</strong> Cars and Light Trucks (January 26, 2009)<strong>The</strong> DOT posted new fuel economy standards for cars and light trucks for the <strong>2011</strong> model year. Thisaction follows President Obama’s January 26, 2009 directive to review relevant legal, technological,and scientific considerations with more stringent fuel economy standards.Sustainable Water Strategy (February 2010)Interior Secretary Salazar issued a Secretarial Order establishing a new water sustainability strategyfor the United States. <strong>The</strong> WaterSMART strategy aims to improve federal water policies and programs tomeet the demands of population growth, climate change, rising energy demands, aging infrastructure,and environmental risks to water supplies. <strong>The</strong> initiative includes a water footprint reduction program forfacilities and water-consuming operations to meet or exceed the requirements of Executive Order 13514.Renewable Fuels Standard (February 2010)<strong>The</strong> EPA issued a final renewable fuels standard to substantially increase the volume of renewable fuelsincluding cellulosic bio-fuel that refiners must blend into transportation fuel. <strong>The</strong> standard will be fullyimplemented by the end of 2022, resulting in a 41 percent decrease in U.S. petroleum imports in that yearalone. <strong>The</strong> new rule also established, for the first time, greenhouse gas emissions thresholds for renewablefuels. Lifecycle greenhouse gas emissions of renewable fuels must be less than 2005 emissions levels of thegasoline and diesel fuels that are being replaced.NOAA <strong>Climate</strong> Program Office (February 2010)<strong>The</strong> NOAA established a new climate change office to collect and provide climate data to governments,industry, and academia.Office of Sustainable Housing and Communities (February 4, 2010)U.S. Housing and Urban Development Secretary Shaun Donovan announced the launch of HUD’snew Office of Sustainable Housing and Communities (OSHC). OSHC is designed to help build stronger,more sustainable communities by connecting housing to jobs, fostering local innovation and buildinga clean energy economy. Funded by Congress for the first time in HUD’s 2010 Budget, OSHC is a keycomponent of the Obama Administration’s Partnership for Sustainable Communities.56

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