The Inflation Reduction Act is the most significant investment the U.S. government has made in fighting climate change. It also quietly introduced the country’s first ever fee on a greenhouse gas
, the National Oceanic and Atmospheric Administration has observed record methane emissions entering the atmosphere. As of 2021, atmospheric methane was 150 percent higher than it was before the Industrial Revolution.
But as detection has improved from continuous on-the-ground monitoring, aerial surveillance, and satellite observations, addressing methane emissions has emerged as a tangible solution, and Grossman and others hope new federal regulations will revamp how the U.S. calculates them. The fee on methane is one of the only sticks in a bill full of carrots. But there are plenty of incentives to reduce the gas too, and Kleinberg says they are more likely to produce results. For example, $1.5 billion in subsidies is included in the bill to help facilities subject to the fee pay for technological fixes to reduce their emissions.
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