Inflation Reduction Act Methane Emissions Charge: In Brief

On August 16, 2022, President Biden signed H.R. 5376, a budget reconciliation measure commonly referred to as the “Inflation Reduction Act of 2022” (IRA). Among other provisions, IRA includes a charge on methane emissions from specific types of facilities that are required to report their greenhouse gas (GHG) emissions to the Environmental Protection Agency’s (EPA’s) Greenhouse Gas Emissions Reporting Program (GHGRP).