IRA

The Inflation Reduction Act of 2022

The Inflation Reduction Act of 2022

The Inflation Reduction Act of 2022 (IRA), which was signed into law by President Biden on August 16, 2022, creates a “Waste Emissions Charge” to be imposed on methane emissions that exceed an applicable waste emissions threshold from an owner or operator of an applicable facility that reports more than 25,000 metric tons of carbon dioxide equivalent (CO2e) of greenhouse gases per year.