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Source: The Hill
A Biden administration rule issued Friday would establish new fees for methane emissions, one of the most potent drivers of climate change, under the provisions of the Inflation Reduction Act.
The Methane Emissions Reduction Program, an enforcement provision in the 2022 climate law, imposes fees on excess emissions, and those fees will increase over the rest of the decade. The fee will initially kick in at $900 per metric ton this year, rise to $1,200 next year and increase to $1,500 from 2026 on.
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