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Category: Inflation_Act_2022_Greenhouse_Gas

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Majority Leader Schumer Floor Remarks Following The Historic Ratification Of The Kigali Amendment To The Montreal Protocol

Senate Majority Leader Chuck Schumer (D-NY) today spoke on the Senate floor on the Kigali Amendment to the Montreal Protocol, which will help create new American jobs, spur investments in U.S. businesses, and fight against climate change. Below are Senator Schumer’s remarks:
This is a very good day: we have just passed the Kigali Amendment to the Montreal Protocol on a strong bipartisan basis. This is a win-win-win: a win for U.S. jobs, a win for U.S. investment, and a win for U.S. leadership in the fight against climate change.

09/21/22
                                                               

Inflation Reduction Act Methane Emissions Charge: In Brief

On August 16, 2022, President Biden signed H.R. 5376 (P.L. 117-169), a budget reconciliation measure commonly referred to as the “Inflation Reduction Act of 2022” (IRA). Among other provisions, IRA includes a charge on methane emissions that is nearly identical to the methane emissions charge in the House version of H.R. 5376, often referred to as the Build Back Better Act, which passed the House on November 19, 2021. Methane (or CH4) is the primary component of natural gas. When extracted from geologic formations or captured by other means, it can be used as either a fuel or as a feedstock for the chemical industry.

09/01/22
                                                               

In a first, climate law defines CO2 as air pollutant

By Benjamin Storrow and Others Photo: Drew Angerer, Getty Images

CLIMATEWIRE | Climate legislation signed into law this month by President Joe Biden bolsters EPA’s ability to regulate greenhouse gases, but leaves unresolved key questions about the scope of the agency’s authority, legal experts say.
Biden’s approval of the Inflation Reduction Act comes several weeks after the Supreme Court in a landmark ruling limited EPA’s authority to regulate carbon dioxide emissions from power plants. The court’s decision in West Virginia v. EPA effectively prevents the agency from requiring that power companies phase out fossil fuels with clean electricity.

08/24/22
                                                               

The EPA Just Quietly Got Stronger

By Robinson Meyer

All carrots, no sticks. That is the story of the Inflation Reduction Act. Since the law was unveiled last month, savvy commentators have noted that its policies consist almost entirely of “carrots,” incentives meant to encourage companies to decarbonize, with very few “sticks,” policies meant to punish them for using fossil fuels or emitting carbon. (Just so we’re clear: This analogy is meant to invoke a stubborn donkey that, Looney Tunes–style, is craning to reach a carrot hanging in front of its face while its driver whacks its behind with a stick.)

08/24/22
                                                               

Greens ask EPA to ban new natural gas heating

By Rachel Frazin

Environmental advocates are asking the Biden administration for a federal ban on new natural gas-powered heating appliances in homes and commercial buildings.

In a petition submitted to the Environmental Protection Agency (EPA) on Tuesday, 26 health, environmental and consumer protection organizations asked the agency for the ban.

08/23/22
                                                               

Democrats designed the climate law to be a game changer. Here’s how.

By Lisa Friedman Photo: Anna Rose Layden for The New York Times

In a first, the measure legally defines greenhouse gases as pollution. That’ll make new regulations much tougher to challenge in court.

08/22/22
                                                               

GOP govs who hate Biden’s climate bill stand to benefit big from it

By Catherine Morehouse Photo: Tony Gutierrez/AP

The climate legislation President Joe Biden signed on Tuesday became law without the approval of a single Republican in Congress — but it’s still poised to deliver major gains to the GOP-led states whose governors hate the bill.

08/16/22
                                                               

How the historic climate bill will dramatically reduce U.S. emissions

By Craig Welch

The Inflation Reduction Act is expected to cut roughly a billion tons of greenhouse gas emissions a year by 2030, save thousands of lives a year, and prompt a transformation of the U.S. energy and transportation landscape.

08/13/22
                                                               

How the New Climate Bill Would Reduce Emissions

By Nadja Popovich and Others

A major climate and energy package passed by Congress on Friday would put the United States much closer to its goal of cutting global warming pollution in half by 2030, several independent analyses have concluded.

08/12/22
                                                               

Inflation Reduction Act would spur 42% US carbon emissions cut by 2030: Princeton-led study

By Ethan Howland Photo: Douglas Rissing, Getty Images

The Inflation Reduction Act would cut annual U.S. greenhouse gas emissions by about 1 billion metric tons by 2030, helping drive down carbon emissions by about 42% from 2005 levels, while also lowering U.S. energy expenditures by at least 4% in 2030, according to preliminary analysis released Thursday by the Princeton University-led REPEAT Project.

08/04/22