Search Results for keywords:"Inflation Reduction Act"

The President issued Executive Order 14154 titled "Unleashing American Energy," aiming to promote energy exploration and production on federal lands, eliminate certain regulatory barriers, and encourage the American energy sector's growth. The order revokes several environmental executive orders from the previous administration and calls for an immediate review of agency actions that may hinder domestic energy resource development. It emphasizes efficient permitting processes, prioritizes accuracy in environmental assessments, and seeks to boost the United States' role in global mineral production. Additionally, it stops funding distribution for initiatives aligned with the Inflation Reduction Act and the Infrastructure Investment and Jobs Act until they are reviewed for consistency with the new policies.

The final regulations from the Internal Revenue Service under the Treasury Department focus on implementing credits for producing clean hydrogen as part of the 2022 Inflation Reduction Act. These regulations cover how to assess greenhouse gas emissions, verify clean hydrogen production, and apply energy credits for hydrogen production facilities. They impact all taxpayers who either produce qualified clean hydrogen or use renewable energy sources to make it, aiming to encourage cleaner hydrogen production processes. The rules are effective from January 10, 2025.

The Department of Agriculture has submitted a request to the Office of Management and Budget for approval of information collection requirements under the Paperwork Reduction Act. The Rural Business-Cooperative Service is conducting an annual survey to gather data about farmer cooperatives, which includes statistics on business volume, net income, and financial status. Additionally, they have a voluntary labeling program for biobased products aimed at promoting renewable fuels. The information collected will help determine eligibility for grants and improve service and analysis. Comments on these information collections are invited until February 5, 2025.

The Bureau of Ocean Energy Management (BOEM), part of the Interior Department, has announced the release of a draft report called the Gulf of Mexico (GOM) Regional Outer Continental Shelf Oil and Gas Lease Sales: Draft Programmatic Environmental Impact Statement. This report studies potential impacts of oil and gas leasing in areas of the Outer Continental Shelf. BOEM is requesting public comments on this draft until January 27, 2025, and will hold virtual public meetings for further discussion. The draft considers various alternatives for oil and gas leasing and analyzes the possible effects on the environment and communities, balancing energy needs with environmental protection.

The Gulf Fishery Management Council will hold a one-day in-person meeting of its Ecosystem Technical Committee on May 9, 2025, in Tampa, Florida. The meeting will cover topics like the Gulf Fishery Ecosystem Plan, the Inflation Reduction Act project update, and a discussion on Red Tide. The agenda also includes an opportunity for public comments and will be available online for those who cannot attend in person. The meeting will be accessible to people with disabilities, and accommodations can be requested in advance.

The New England Fishery Management Council is holding a public meeting of its Climate and Ecosystem Steering Committee to discuss changes affecting New England fisheries. This meeting will occur both in-person and through a webinar on February 13, 2025. The committee will cover topics like the Council's Inflation Reduction Act-funded projects, NOAA's ecosystem report, and other climate initiatives. The results and recommendations will be shared with the full Council for potential action.

The Environmental Protection Agency (EPA) has submitted a request to gather information for the Environmental and Climate Justice Community Change Grant Program, which helps fund community-driven projects addressing environmental and health issues. This is a new information collection request and the EPA is seeking public comments for another 30 days. The grant program, supported by the Inflation Reduction Act, aims to direct resources to communities heavily affected by pollution and climate change. Participating groups must provide performance reports to guarantee responsible management of the allocated funds.

The U.S. Department of Energy has determined that the 2024 International Energy Conservation Code (IECC) will improve energy efficiency in residential buildings compared to the 2021 edition. This results in national savings of around 7.80% in site energy, 6.80% in source energy, and 6.60% in energy costs. Under federal law, each state must review and potentially update their building codes to meet or surpass the new 2024 IECC standards by December 30, 2026. The DOE provides guidance and technical assistance to support states in this process.