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Full $850 Million Grant Allocated by Mid-2025?
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Biden•Inflation Reduction Act•Department of Energy•DOE•Environmental Protection Agency•EPA•Methane Emissions Reduction Program
Resolution / Starting Odds
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Department of Energy (DOE) and Environmental Protection Agency (EPA) financial reports
Story
Biden Administration Announces $850 Million Grant to Reduce Methane Emissions Under Inflation Reduction Act
Jun 21, 2024, 03:26 PM
The Biden administration has announced an $850 million grant program aimed at reducing methane emissions in the oil and gas sector. This initiative, part of the Inflation Reduction Act, is a collaborative effort between the Department of Energy (DOE) and the Environmental Protection Agency (EPA). The funding will be used to measure, monitor, quantify, and mitigate methane emissions, with a focus on improving emissions measurement and safeguarding vulnerable environmental justice communities and public health. Additionally, the program includes $1.36 billion in financial and technical assistance through the Methane Emissions Reduction Program.
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