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The “Global Energy Regulation Roundup” is dedicated to capturing and understanding emerging climate, energy, and reporting measures. Currently, international governments are increasingly establishing stricter policies on emissions reporting, trade, and energy. The purpose of this monthly blog is to spotlight upcoming regulations and inform key stakeholders about their impact on various industries.
The United States
The Biden administration has allocated nearly $3 billion in grants to modernize and electrify US ports, with the aim of reducing pollution, creating union jobs, and addressing environmental justice issues in port-adjacent communities. Announced ahead of Biden’s Baltimore visit, this investment, part of the 2022 climate law, will fund sustainable equipment at 55 ports nationwide, including $147 million for Baltimore. The upgrades are expected to create about 40,000 jobs and significantly cut greenhouse gas emissions, aligning economic growth with environmental health. The initiative addresses longstanding pollution impacts on local communities while reinforcing the administration's commitment to clean energy and labor support. In February, the EPA announced two separate funding opportunities for US ports, a competition to directly fund zero-emission equipment and infrastructure and a separate competition for climate change and air-quality programs. More than $8 billion in requests from applicants across the country were received.
Europe
As Poland prepares for its Presidency of the Council of the European Union in 2025, it is positioned to lead the EU’s energy policy with a focus on security, transition, and cooperation in Central and Eastern Europe. Poland is diversifying its energy sources, with hard coal dropping to its lowest share and renewables like wind and solar making up 36.8 percent of its energy mix. Poland’s role in synchronizing the Baltic States’ power grids with the Continental European system, scheduled for February 2025, will be critical in reducing dependency on Russian energy infrastructure. A key focus will be on the diversification of supply routes for natural gas, an issue that has only gained urgency following Russia’s invasion of Ukraine. Planned offshore wind farms and energy storage developments align with the EU’s Green Deal, while legislative revisions—including the Energy Union framework, gas supply security, and grid resilience—aim to secure the region’s energy independence and stability, particularly amid shifting relations with Russia. Poland’s presidency will also play a key role in COP30 preparations and advocate for funding under the EU’s multiannual budget to support a fair energy transition across the region.
Asia
South Korean companies, particularly in the clean energy and automotive sectors, are voicing concerns about the potential impact of a second Trump presidency on their US investments, especially those reliant on the Inflation Reduction Act (IRA) of 2022. This law, enacted by President Biden, provides substantial tax credits, grants, and loan guarantees to support clean energy initiatives, incentives critical for South Korean firms like LG Energy Solution, SK On, and Samsung SDI, which collectively benefited from hundreds of millions of dollars in US federal tax credits in just the first half of this year. However, Trump’s opposition to the IRA has raised alarm in Seoul, prompting South Korea’s Ministry of Trade, Industry, and Energy to assess possible economic impacts and prepare strategic responses in consultation with companies, industry associations, and research institutes. With Korean firms having invested $76.6 billion in the US last year alone, the stakes are high, and executives from companies like Hyundai Motor worry that diminished IRA support could reshape their business strategies in the US, potentially shifting focus to hybrid vehicle production to maintain competitiveness.