November 15, 2022
EPA Ups the Ante with New Methane Proposal
The Environmental Protection Agency released the text of a supplemental proposed rule regulating methane emissions from the oil and natural gas industries, which is more stringent than the original proposed rule from 2021. In a new insight, Director of Regulatory Policy Daniel Bosch explains the elements of the supplemental proposal and the changes in the rule’s expected economic and emissions impact.
- The EPA’s supplemental proposed rule is Biden Administration’s latest regulatory effort to reduce greenhouse gas emissions.
- The economic costs of the supplemental proposal are nearly double those of the 2021 proposed rule.
- Changes to the assumptions of current industry emissions mean the rule will actually have fewer expected climate benefits than the 2021 proposed rule, despite a 13 percent increase in reduced emissions from 2005 levels by 2030.