The President’s Fiscal Year 2023 Budget
- Janet L. Yellen, Secretary, United States Department of the Treasury
The proposed FY 2023 budget includes “a total of $44.9 billion in discretionary budget authority to tackle the climate crisis, $16.7 billion more than FY 2021 or an increase of nearly 60 percent.”
Walk For Appalachia's Future: Richmond, VA
From May 24th-June 6th we will be traveling along the route of the Mountain Valley Pipeline. We seek to amplify the voices of frontline Appalachian communities and others in their fight for environmental justice and renewable energy. We will be working to challenge the environmental damages being done by all fossil fuels, and to cancel the Mountain Valley Pipeline (MVP) and the MVP Southgate extension, whose construction has already devastated parts of WV, VA and NC.
Updates on the Walk’s progress are being posted on Facebook and on Twitter with the hashtag #AppalachiaWalk.
- 5/24, Noon: 65 Community Drive, Ireland, WV
- 5/25, 9 AM: West Virginia State Capitol, Charleston, WV
- 5/26, 9 AM: National Fish Hatchery, White Sulphur, WV
- 5/27, 9 AM: Greenbrier River, WV
- 5/28, 9 AM: Base of Peters Mountain, on the VA/WV border
- 5/29, 9 AM: Newport, VA
- 5/30, 9 AM: Roanoke, VA
- 5/31-6/1: Bent Mountain, VA
- 6/2-6/4: Richmond, VA
If you are trying to find the Walk, call Steve at (828) 777-7816 or Ted at (973) 460-1458 or email [email protected].
All along the pipeline route we will inspect damages to water, air, animals, and the Earth, and the people who depend on them; and we will every morning have ceremonies honoring the heroes in our states who have died during these fights to protect our Appalachia.
Communities affected by the Mountain Valley Pipeline and other destructive/extractive industries are invited to participate in the event in whatever way is best or most advantageous to them. For example, they can join our walk or have the walk come to them.
We plan to use the two-week journey on foot and by vehicle to support frontline communities first and foremost by listening. As appropriate, walkers may be called upon to support local campaigns for economic, racial and climate justice by amplifying their voices in various media, standing alongside them at rallies and protests, participating in and hosting workshops, and honoring the heroes of the struggle who are no longer with us.
Walk organizers consist of dedicated environmental justice workers from West Virginia, Virginia, North Carolina and beyond, and members of seasoned organizations such as 7 Directions of Service, POWHR, Beyond Extreme Energy, Th!rd Act, NC Alliance to Protect the People and the Places We Live, Chesapeake Climate Action Network, and others.
Voluntary Carbon Convening
Commodity Futures Trading Commission Chairman Rostin Behnam today announced the first-ever Voluntary Carbon Convening on June 2. The purpose of the meeting is to discuss issues related to the supply and demand for high quality carbon offsets, including product standardization and the data necessary to support the integrity of carbon offsets’ greenhouse gas emissions avoidance and reduction claims. Panelists will also discuss issues related to the market structure for trading carbon offsets and carbon derivatives as well as perspectives on the challenges and opportunities in these markets.
“As companies increasingly turn to the derivatives markets to manage risk and keep pace with global efforts to decarbonize, I look forward to the CFTC’s facilitating these discussions,” said Chairman Behnam in prepared remarks to the ISDA Annual General Meeting. “Our goal is to foster innovation in crafting solutions to the climate crisis while ensuring integrity and customer protection.”
The further goal of the convening is to gather information from a wide variety of market participants in the voluntary carbon markets to better understand the potential role of the official sector in these markets, particularly as we see the emergence of CFTC regulated derivatives referencing cash offset markets. The convening will include participants from carbon offset standard setting bodies, a carbon registry, private sector integrity initiatives, spot platforms, designated contract markets, intermediaries, end-users, public interest groups, and others.
The convening will be held in the Conference Center at CFTC’s headquarters at Three Lafayette Centre, 1155 21st Street NW, Washington, D.C. beginning at 9.00 a.m. for participants only. Participants will also have an option to participate virtually. In accordance with the agency’s implementation of COVID-19 related precautions, the general public will have access to the convening by webcast on the CFTC’s website or may also listen by telephone.
To access the live meeting feed, use the dial-in numbers below or stream at www.cftc.gov. A live feed can also be streamed through the CFTC’s YouTube channel. Call-in participants should be prepared to provide their first name, last name, and affiliation, if applicable. Materials presented at the meeting, if any, will be made available online.
Domestic Toll-Free:
1-669-254 5252 or 1-646-828-7666 or
1-669-216-1590 or 1-551-285-1373
International Access:
https://cftc-gov.zoomgov.com/u/amybg62Jw
Webinar ID:
Passcode:
161 174 6177
144701
9:00am ET
Welcome and Opening Remarks- Chairman Rostin Behnam
- Commissioner Kristin N. Johnson
- Commissioner Christy Goldsmith Romero
- Commissioner Summer K. Mersinger
- Commissioner Caroline D. Pham
9:15am ET
Keynote Speakers- U.S. Senator Debbie Stabenow (D-MI), Chairwoman of the Senate Committee on Agriculture, Nutrition, and Forestry
- U.S. Congressman David Scott (D-GA-13), Chairman of the House Agriculture Committee
09:30am ET
Panel 1: Carbon Offset Standards and Quality Initiatives:
The discussion will include an introduction to the carbon offsets markets; carbon offsets standards; and a private sector supply-side initiative.
Moderator: Kelley Kizzier, Fellow, Bezos Earth Fund
- Stephen Donofrio, Director, Ecosystem Marketplace of Forest Trends
- David Antonioli, Chief Executive Officer, Verra
- Mary Grady, Executive Director, American Carbon Registry
- Kristen Gorguinpour, Vice President of Programs, Climate Action Reserve
- Sonja Gibbs, Managing Director and Head of Sustainable Finance, IIF; Board Member, Integrity Council for the Voluntary Carbon Market
- Thomas Hale, Ph.D., Associate Professor in Public Policy (Global Public Policy), Blavatnik School of Government, University of Oxford
10:45am ET
Panel 2: State and Federal Regulatory Updates
The discussion will highlight the role of carbon offsets accepted in a domestic compliance market; provide an overview of recent regulatory initiatives which may directly or indirectly impact the markets for carbon offsets; and perspectives on the role of carbon offsets within a whole-of- government approach to mitigating climate change.
Moderator: Nathanial Keohane, President, Center for Climate and Energy Solutions
- Jason Gray, Project Director of the Governors’ Climate and Forests Task Force, Emmett Institute on Climate Change and the Environment at UCLA School of Law (V)
- John E. Morton, Climate Counselor to the Secretary, U.S. Department of the Treasury
- Sean Babington, Senior Advisor for Climate, Office of the Secretary, U.S. Department of Agriculture
- Carol A. (Annie) Petsonk, Assistant Secretary for Aviation and International Affairs, U.S. Department of Transportation
- Philip B. Duffy, Ph.D., Climate Science Advisor, Office of Science and Technology Policy, The White House (V)
- Christine Dragisic, Branch Chief, Partnerships and Initiatives, Office of Global Change, Bureau of Oceans and International Environmental and Scientific Affairs, U.S. Department of State (V)
11:45am ET
Lunch Break
12:45pm ET
Panel 3: Carbon Offsets Trading and Infrastructure
The discussion will provide an overview of carbon offset spot markets; exchange-listed derivatives; registry infrastructure; and OTC intermediation.
Moderator: Eric Pitt, Consultant, Climate Finance, Ceres Accelerator for Sustainable Capital Markets
- Kathy Benini, Managing Director, Sustainable1, S&P Global
- John Melby, President and Chief Operating Officer, Xpansiv
- Dan Scarbrough, Co-founder, President & Chief Operating Officer, IncubEx, Inc.
- John Frederick, Chief Financial Officer, Indigo Agriculture
- Evan Ard, Chief Executive Officer, Evolution Markets
- Mike Kierstead, Head of Environmental Products, Intercontinental Exchange Pete Keavey, Managing Director of Energy and Environmental products, CME
2:00pm ET
Panel 4: Market Participants
Recommendations for the CFTC – Part 1 The panel will discuss perspectives on carbon offset projects from industry and the public interest. The panel will discuss the challenges and opportunities of trading carbon offsets and/or carbon offset derivatives; documentation issues; and recommendations for the role of the CFTC in these markets.
Moderator: Janet Peace, Chief of Advisory Services, BlueSource
Part I:
- Mark Kenber, Co-Executive Director, External Affairs, Voluntary Carbon Markets Integrity Initiative and Managing Director, Climate Advisers
- Bella Rozenberg, Senior Counsel/Head of Regulatory and Legal Practice Group, International Swaps and Derivatives Association
- Linda French, Global Head of ESG Policy & Regulation, Sustainability and Global Government Relations, JPMorgan Chase & Co.
- Aoife Kearney, Assistant General Counsel, Neuberger Berman
- Darcy Bradbury, Managing Director, head of Global Public Policy, the D. E. Shaw group
- Alexia Kelly, Director, Net Zero + Nature, Netflix
3:00pm ET
Panel 4: Market Participants
Recommendations for the CFTC – Part 2
The panel will discuss perspectives on carbon offset projects from industry and the public interest. The panel will discuss the challenges and opportunities of trading carbon offsets and/or carbon offset derivatives; documentation issues; and recommendations for the role of the CFTC in these markets.
Moderator: Janet Peace, Chief of Advisory Services, BlueSource
Part II:
- Chuck Conner, President & CEO, National Council of Farm Cooperatives
- Shelby Swain Myers, Economist, American Farm Bureau Federation
- Tyson Slocum, Director, Energy Program, Public Citizen
- Jeff Swartz, Vice President Low Carbon Strategy, Regulatory Affairs and Partnerships, BP
- Michael LeMonds, Vice President, Environment, Land and Government Affairs, Holcim US
4:00pm ET
Closing Remarks
Chairman Rostin Behnam
4:15pm ET
Adjournment
Walk For Appalachia's Future: Bent Mountain, VA
From May 24th-June 6th we will be traveling along the route of the Mountain Valley Pipeline. We seek to amplify the voices of frontline Appalachian communities and others in their fight for environmental justice and renewable energy. We will be working to challenge the environmental damages being done by all fossil fuels, and to cancel the Mountain Valley Pipeline (MVP) and the MVP Southgate extension, whose construction has already devastated parts of WV, VA and NC.
Updates on the Walk’s progress are being posted on Facebook and on Twitter with the hashtag #AppalachiaWalk.
- 5/24, Noon: 65 Community Drive, Ireland, WV
- 5/25, 9 AM: West Virginia State Capitol, Charleston, WV
- 5/26, 9 AM: National Fish Hatchery, White Sulphur, WV
- 5/27, 9 AM: Greenbrier River, WV
- 5/28, 9 AM: Base of Peters Mountain, on the VA/WV border
- 5/29, 9 AM: Newport, VA
- 5/30, 9 AM: Roanoke, VA
- 5/31-6/1: Bent Mountain, VA
- 6/2-6/4: Richmond, VA
If you are trying to find the Walk, call Steve at (828) 777-7816 or Ted at (973) 460-1458 or email [email protected].
All along the pipeline route we will inspect damages to water, air, animals, and the Earth, and the people who depend on them; and we will every morning have ceremonies honoring the heroes in our states who have died during these fights to protect our Appalachia.
Communities affected by the Mountain Valley Pipeline and other destructive/extractive industries are invited to participate in the event in whatever way is best or most advantageous to them. For example, they can join our walk or have the walk come to them.
We plan to use the two-week journey on foot and by vehicle to support frontline communities first and foremost by listening. As appropriate, walkers may be called upon to support local campaigns for economic, racial and climate justice by amplifying their voices in various media, standing alongside them at rallies and protests, participating in and hosting workshops, and honoring the heroes of the struggle who are no longer with us.
Walk organizers consist of dedicated environmental justice workers from West Virginia, Virginia, North Carolina and beyond, and members of seasoned organizations such as 7 Directions of Service, POWHR, Beyond Extreme Energy, Th!rd Act, NC Alliance to Protect the People and the Places We Live, Chesapeake Climate Action Network, and others.
Walk For Appalachia's Future: Newport, VA
From May 24th-June 6th we will be traveling along the route of the Mountain Valley Pipeline. We seek to amplify the voices of frontline Appalachian communities and others in their fight for environmental justice and renewable energy. We will be working to challenge the environmental damages being done by all fossil fuels, and to cancel the Mountain Valley Pipeline (MVP) and the MVP Southgate extension, whose construction has already devastated parts of WV, VA and NC.
Updates on the Walk’s progress are being posted on Facebook and on Twitter with the hashtag #AppalachiaWalk.
- 5/24, Noon: 65 Community Drive, Ireland, WV
- 5/25, 9 AM: West Virginia State Capitol, Charleston, WV
- 5/26, 9 AM: National Fish Hatchery, White Sulphur, WV
- 5/27, 9 AM: Greenbrier River, WV
- 5/28, 9 AM: Base of Peters Mountain, on the VA/WV border
- 5/29, 9 AM: Newport, VA
- 5/30, 9 AM: Roanoke, VA
- 5/31-6/1: Bent Mountain, VA
- 6/2-6/4: Richmond, VA
If you are trying to find the Walk, call Steve at (828) 777-7816 or Ted at (973) 460-1458 or email [email protected].
All along the pipeline route we will inspect damages to water, air, animals, and the Earth, and the people who depend on them; and we will every morning have ceremonies honoring the heroes in our states who have died during these fights to protect our Appalachia.
Communities affected by the Mountain Valley Pipeline and other destructive/extractive industries are invited to participate in the event in whatever way is best or most advantageous to them. For example, they can join our walk or have the walk come to them.
We plan to use the two-week journey on foot and by vehicle to support frontline communities first and foremost by listening. As appropriate, walkers may be called upon to support local campaigns for economic, racial and climate justice by amplifying their voices in various media, standing alongside them at rallies and protests, participating in and hosting workshops, and honoring the heroes of the struggle who are no longer with us.
Walk organizers consist of dedicated environmental justice workers from West Virginia, Virginia, North Carolina and beyond, and members of seasoned organizations such as 7 Directions of Service, POWHR, Beyond Extreme Energy, Th!rd Act, NC Alliance to Protect the People and the Places We Live, Chesapeake Climate Action Network, and others.
Walk For Appalachia's Future: Peters Mountain
From May 24th-June 6th we will be traveling along the route of the Mountain Valley Pipeline. We seek to amplify the voices of frontline Appalachian communities and others in their fight for environmental justice and renewable energy. We will be working to challenge the environmental damages being done by all fossil fuels, and to cancel the Mountain Valley Pipeline (MVP) and the MVP Southgate extension, whose construction has already devastated parts of WV, VA and NC.
Updates on the Walk’s progress are being posted on Facebook and on Twitter with the hashtag #AppalachiaWalk.
- 5/24, Noon: 65 Community Drive, Ireland, WV
- 5/25, 9 AM: West Virginia State Capitol, Charleston, WV
- 5/26, 9 AM: National Fish Hatchery, White Sulphur, WV
- 5/27, 9 AM: Greenbrier River, WV
- 5/28, 9 AM: Base of Peters Mountain, on the VA/WV border
- 5/29, 9 AM: Newport, VA
- 5/30, 9 AM: Roanoke, VA
- 5/31-6/1: Bent Mountain, VA
- 6/2-6/4: Richmond, VA
If you are trying to find the Walk, call Steve at (828) 777-7816 or Ted at (973) 460-1458 or email [email protected].
All along the pipeline route we will inspect damages to water, air, animals, and the Earth, and the people who depend on them; and we will every morning have ceremonies honoring the heroes in our states who have died during these fights to protect our Appalachia.
Communities affected by the Mountain Valley Pipeline and other destructive/extractive industries are invited to participate in the event in whatever way is best or most advantageous to them. For example, they can join our walk or have the walk come to them.
We plan to use the two-week journey on foot and by vehicle to support frontline communities first and foremost by listening. As appropriate, walkers may be called upon to support local campaigns for economic, racial and climate justice by amplifying their voices in various media, standing alongside them at rallies and protests, participating in and hosting workshops, and honoring the heroes of the struggle who are no longer with us.
Walk organizers consist of dedicated environmental justice workers from West Virginia, Virginia, North Carolina and beyond, and members of seasoned organizations such as 7 Directions of Service, POWHR, Beyond Extreme Energy, Th!rd Act, NC Alliance to Protect the People and the Places We Live, Chesapeake Climate Action Network, and others.
Walk For Appalachia's Future: Greenbrier River, WV
From May 24th-June 6th we will be traveling along the route of the Mountain Valley Pipeline. We seek to amplify the voices of frontline Appalachian communities and others in their fight for environmental justice and renewable energy. We will be working to challenge the environmental damages being done by all fossil fuels, and to cancel the Mountain Valley Pipeline (MVP) and the MVP Southgate extension, whose construction has already devastated parts of WV, VA and NC.
Updates on the Walk’s progress are being posted on Facebook and on Twitter with the hashtag #AppalachiaWalk.
- 5/24, Noon: 65 Community Drive, Ireland, WV
- 5/25, 9 AM: West Virginia State Capitol, Charleston, WV
- 5/26, 9 AM: National Fish Hatchery, White Sulphur, WV
- 5/27, 9 AM: Greenbrier River, WV
- 5/28, 9 AM: Base of Peters Mountain, on the VA/WV border
- 5/29, 9 AM: Newport, VA
- 5/30, 9 AM: Roanoke, VA
- 5/31-6/1: Bent Mountain, VA
- 6/2-6/4: Richmond, VA
If you are trying to find the Walk, call Steve at (828) 777-7816 or Ted at (973) 460-1458 or email [email protected].
All along the pipeline route we will inspect damages to water, air, animals, and the Earth, and the people who depend on them; and we will every morning have ceremonies honoring the heroes in our states who have died during these fights to protect our Appalachia.
Communities affected by the Mountain Valley Pipeline and other destructive/extractive industries are invited to participate in the event in whatever way is best or most advantageous to them. For example, they can join our walk or have the walk come to them.
We plan to use the two-week journey on foot and by vehicle to support frontline communities first and foremost by listening. As appropriate, walkers may be called upon to support local campaigns for economic, racial and climate justice by amplifying their voices in various media, standing alongside them at rallies and protests, participating in and hosting workshops, and honoring the heroes of the struggle who are no longer with us.
Walk organizers consist of dedicated environmental justice workers from West Virginia, Virginia, North Carolina and beyond, and members of seasoned organizations such as 7 Directions of Service, POWHR, Beyond Extreme Energy, Th!rd Act, NC Alliance to Protect the People and the Places We Live, Chesapeake Climate Action Network, and others.
Defense Environmental Restoration
The FY 2023 Defense budget includes $1.1 billion in requested funds for environmental restoration.
President’s Fiscal Year 2023 funding request and budget justification for the Navy and Marine Corps
Chair: Jon Tester (D-Mont.)
Witnesses:- Carlos Del Toro, Secretary, United States Navy
- Admiral Michael M. Gilday, Chief Of Naval Operations
- General David H. Berger, Commandant Of The Marine Corps
The Department of the Navy budget is $230.8 billion: a Navy budget at $180.5 billion and Marine Corps budget at $50.3 billion.
The Navy is requesting $718.8 million in climate-related funding:- $190.6 million for energy saving performance contracts or utility energy services contracts for the Navy
- $3.1 million for energy saving performance contracts or utility energy services contracts for the Marine Corps
- $33.9 million to deploy renewable energy, energy storage, and energy or water efficiency improvements for the Navy
- $16.9 million to deploy renewable energy, energy storage, and energy or water efficiency improvements for the Marine Corps
- $108.5 million for Navy erosion control projects and seawall repair, and future environmental resilience projects
- $13.2 million for Marine Corps’ natural resources projects that support installation and training resiliency to climate change
- $17.9 million for the Navy to enable revised installation master plans to incorporate impacts from climate change, and the development, planning, design, and execution of future projects to address climate impacts
- $16.5 million enhance the energy security posture of Marine Corps installations, and accelerate advanced micro-grid deployment
- $12.9 million for manpower to increase energy efficiency expertise within the Navy’s energy offices
- $6.3 million Navy investment for projects to develop higher efficiency Gallium Nitride (GaN) High Power Amplifiers, used in maritime advanced technology radar and surface electronic warfare systems
- $8.6 million for the Navy to fund $1.3 million in operational energy upgrades provides modernizations for Littoral Combat Ship (LCS) propulsion systems and $7.3 million in research and development efforts for the Navy’s Integrated Power System (IPS)
- $7.9 million for the Marine Corps Medium Tactical Vehicle Replacement (MTVR) Family of Vehicles, to set next generation vehicle standards for fuel efficiency and vehicle hybrid electrification
- $13.5 million for Marine Corps programs to set new standards for the Family of Mobile Power Systems, Family of Medium Tactical Vehicle Replacement, and Family of Expeditionary Fuel Systems
- $94.8 million more for the Navy’s Integrated Power System (IPS)
- $10.5 million in carbon-sequestration fundes for the Navy to fund priority projects, such as wetland and forest restoration, that increase base resiliency
- $5.4 million for Navy to fund the battery development safety program that focuses on the safe implementation and fielding of high energy batteries through a rigorous certification process
- $0.9 million for Navy to fund research into microbial fuel cells (MFCs), an energy resource that can operate in marine sediments and provide underwater power
- $7.3 million for Navy for low-carbon fuel research, such as hydrogen, to help replace the 1 billion gallons of fuel the Navy uses annually
- $43.2 million in Navy funding for efficiency technologies such as micro-vanes, refueling drogue stabilization, engine wash, blade coatings, and mission planning to increase the efficiency of Naval aircraft
- $4.8 million for Marine Corps’ Family of Mobile Power Systems, consisting of a wide range of current and emerging technologies for mobile power generation, storage, and distribution systems
- $10.5 million for Navy to fund the assessment, development, maturation, and transition of power (batteries and fuel cells), thermal management (models and fluid transfer), and engine and airframe efficiency technologies to increase the mission capability of Naval aircraft
- $10.8 million for the Marine Corps supports development of a variety of technologies including Cold Weather and Mountaineering equipment, Family of Shelters, and the offices that conduct this research
- $49.0 million for Navy to fund the Naval Platform Operational Endurance & Climate Resiliency Science project to advance design tools focused on climate resilience and predicting emissions from platforms. Pursuing technology development efforts to impact climate remediation, including evaluation of Low Global Warming Potential refrigerants, Subsea & Seabed Warfare Energy Harvesting, and Direct Air Capture & Blue Carbon fuel synthesis. Funding also supports electrical and auxiliary system and component technology to dramatically improve naval capabilities by providing energy and power resiliency
- $3.7 million for the Navy funds an effort to improve integration of weather and ocean forecasts into ship routing, ship response and propulsion efficiency planning
- $7.7 million for war-games for the Navy looking at critical infrastructure protection
- $0.4 million for the Marine Corps Prepositioning Program – Norway that supports the withdrawal of equipment and supplies for ashore prepositioning sites in support of contingency preparedness for cold weather related exercises
In regards to climate change, the ‘23 budget increases climate investments by a total of $137 million across the shore providing funding for electric vehicle leasing, charging stations, installation resiliency, and natural resource carbon sequestration projects.