INSIGHTSSERIES
Environmental Markets | Emissions
February 19, 2024
Climate Action Takes Center Stage in the Biden Administration’s Policies
Federal agencies are set to use new and stronger estimates of the social cost of carbon as the administration finalizes climate regulations.
The Biden administration has made significant strides in climate change action, particularly through the enactment of the Inflation Reduction Act of 2022 (IRA), which represents the single largest investment in climate and energy in the U.S. Actions to further the administration’s climate agenda include…Read the full report
Key Takeaways
- EPA has finalized a historic rule to cut methane emissions from oil and gas operations by nearly 80 percent and has also proposed a fee on waste methane emissions.
- EPA has increased its estimates for the social cost of carbon, which federal agencies will use in their rulemaking even as the administration is finalizing its first-term regulatory agenda, including rules to limit emissions from power plants and vehicles.
- DOE has paused its review of pending applications for LNG exports to non-Free Trade Agreement countries while it updates the criteria used to determine export authorizations including impact of greenhouse gas emissions.
