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The United States has natural advantages for hydrogen production because of its ample availability of feedstocks, storage, and adaptable naturalgas supply infrastructure. clean hydrogen production to 10 MMT by 2030 and 50 MMT by 2050 to achieve a 10 percent reduction in domestic greenhousegas emissions.
So the law requires a balancing of consumer costs/system reliability and reduction of greenhousegas emissions. The plans differed in the mix of new energy sources (naturalgas, solar, battery storage, nuclear and wind) to replace coal and the timelines for bringing those new sources on line.
(The bill also has healthcare and prescription drug provisions, makes tax code changes unrelated to climate and energy, and guarantees federal land on- and offshore for oil and gas drilling.) economy and to significantly contribute to its greenhousegas reduction efforts. Still, how does a local government tap in? green banks”).
Overall, it seeks to accelerate the approval processes for energy infrastructure projects which the statute defines as including electricity transmission, renewable energy and battery storage, geothermal, oil and gas leasing, and liquified naturalgas export terminals. It also includes mining projects on federal lands.
For example, Section 60103 of the IRA , which establishes the GreenhouseGas Reduction Fund (GGRF) , specifies that $15 billion of the $27 billion allocated to the GGRF should be used for the purposes of providing financial assistance and technical assistance in low-income and disadvantaged communities.
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