Agency: Department of Agriculture-Natural Resources Conservation Service
Description:
New provision in IRA regarding quantification of carbon sequestration and carbon dioxide, methane, and nitrous oxide emissions through collection of field-based data to assess emissions outcomes. The new investments will advance priorities set by the broader “Federal Strategy to Advance Greenhouse Gas Measurement and Monitoring for the Agriculture and Forest Sectors.”
Bill Section:
21002(a)(2)
US Code:
7 USC 6936
New or Existing:
New
Potential Cost:
$300,000,000
Timeline:
FY22-31
Implementation Status/Rulemaking:
On November 21, 2022, USDA released a Request for Information (RFI, NRCS-2022-0015) on how Natural Resources Conservation Service will implement funds received under the Inflation Reduction. Comments were accepted through December 21, 2022: Source
On July 12, 2023, USDA announced the investment of $300 million to support USDA’s broader Measuring, Monitoring, Reporting and Verification (MMRV) efforts: Source
TCS Notes:
To remain available until September 30, 2031.
In addition to the combined $1.3 million appropriated for Conservation Technical Assistance in Section 21002(a)(1)-(2), an additional $100 million is appropriated for administrative expenses.