Source: Saul Ewing Arnstein & Lehr LLP
EPA Seeking Public Input on Implementation of Inflation Reduction Act’s Greenhouse Gas Fund
Virginia “Ginger” Hansen
Louis Couture
Andrea Lipuma
The Inflation Reduction Act (the “IRA”), signed into law on August 16, 2022, appropriates nearly $27 billion to provide financial assistance to certain entities in their efforts to reduce greenhouse gases. This “Greenhouse Gas Reduction Fund” (the “Fund”) is available to a wide range of recipients and prioritizes funding for projects in low-income and disadvantaged communities. However, the IRA leaves many aspects of the Fund undefined and tasks the Administrator of the Environmental Protection Agency (the “EPA”) with filling out the details of the program. The EPA is currently soliciting comments for insight into how best to design and implement the Fund to award grants to eligible parties.
What You Need to Know:
- The Inflation Reduction Act (“IRA”) appropriated $27 billion dollars for the Greenhouse Gas Fund to award to eligible recipients.
- The IRA makes the United States Environmental Protection Agency (the “EPA”) responsible for designing and implementing key provisions of the program, and the EPA is currently seeking public input.
- Now through December 5, 2022, members of the public can submit their comments online.
- The EPA will also host a “listening session” on November 9, 2022, from 7-9 p.m. EST to provide a forum for public comment.