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ARTICLE · 28 FEBRUARY 2023

This Week's Climate Policy Update

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The Environmental Protection Agency issued its initial guidance on the Inflation Reduction Act's Greenhouse Gas Reduction Act. Further, the Treasury Department—in collaboration...

United StatesEnvironment
Kenneth J. Markowitz
Kenneth J. Markowitz
Stacey H. Mitchell
Stacey H. Mitchell
Dario Frommer
Dario Frommer
Christopher Treanor
Christopher Treanor
Leila Fleming
Leila Fleming
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The Environmental Protection Agency issued its initial guidance on the Inflation Reduction Act's Greenhouse Gas Reduction Act. Further, the Treasury Department—in collaboration with the Internal Revenue Service and the Department of Energy—released guidance on the Qualifying Advanced Energy Project Credit and the Low-Income Communities Bonus Credit Program. On the state level, a bipartisan group of California lawmakers are supporting a $4.5 billion bond dedicated to climate and flood programs to compensate for reductions in environment spending in Gov. Gavin Newsom's (D-CA) Fiscal Year 2024 budget. Finally, the International Energy Agency criticized the fossil fuel industry for not adequately investing in greenhouse gas emissions reduction technologies.

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