Carper Comments on EPA & DOE’s Launch of Methane Reduction Grants
TL/DR –
The US Environmental Protection Agency and the Department of Energy have made $850 million in competitive grants available to monitor and reduce methane emissions from the oil and gas sector. This is part of the Inflation Reduction Act’s Methane Emissions Reduction Program, which was negotiated by Senator Tom Carper. Methane, over 80 times more potent than carbon dioxide at trapping heat, contributes to over 25% of current global warming, with the oil and gas industry responsible for at least one third of man-made methane emissions.
U.S. Senator Announces Availability of $850M in Grants to Reduce Methane Emissions
WASHINGTON, D.C. – U.S. Senator Tom Carper, Chairman of the Senate Environment and Public Works (EPW) Committee, lauded the Environmental Protection Agency (EPA) and Department of Energy (DOE) for unveiling $850 million in competitive grants. This funding under the Inflation Reduction Act’s Methane Emissions Reduction Program, will support innovative solutions to monitor and decrease methane emissions from the oil and gas sector.
“Methane is over 80 times more potent than carbon dioxide in trapping heat, causing significant climate challenges,” highlighted Carper. “That’s why we established this practical program in the Inflation Reduction Act. These grants will harness cutting-edge technologies to help us attain our climate objectives, safeguard public health, and generate well-paying jobs. I commend EPA and DOE for their swift action to make these funds accessible and anticipate significant participation in this pioneering program.”
BACKGROUND
As head of the EPW, Senator Carper conducted negotiations to secure the Methane Emissions Reduction Program within the Inflation Reduction Act.
Methane is 84 times more potent than carbon dioxide in the first 20 years after its release, contributing to over 25% of current global warming. The oil and gas industry is responsible for a third of man-made methane emissions, with recent studies indicating emissions from this sector are 60% higher than prior estimates.
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