Environmental Wrap-Up 2022 and What to Expect in 2023

January 20, 2023

Read the full article by Stinson LLP (JDSURPA)

"This alert looks at developments in environmental law that were at the forefront in 2022; the trend is expected to continue into 2023 as the Biden administration continues to act on its regulatory initiatives in the energy and environmental space. We’re looking backward and forward to evaluate the Environmental Protection Agency’s (EPA) actions taking shape in 2023.

A Look Back at 2022

Inflation Reduction Act

In August, President Biden signed the Inflation Reduction Act (IRA) into law. The legislation contains $369 billion in spending, tax credits, incentives and grants for renewable energy projects, electric vehicles and environmental justice. Following on the heels of the Infrastructure Investment Jobs Act (IIJA), nearly $2 trillion in federal dollars has been allocated toward the modernization of infrastructure in multiple sectors.

Implementation of the IRA is underway. Earlier this month, EPA announced availability of $100 million in grants for environmental justice."