{"id":23503,"date":"2022-08-15T12:00:49","date_gmt":"2022-08-15T12:00:49","guid":{"rendered":"https:\/\/www.prismaphotonics.com\/what-the-us-climate-bill-means-for-grid-monitoring\/"},"modified":"2024-01-01T12:17:37","modified_gmt":"2024-01-01T12:17:37","slug":"what-the-us-climate-bill-means-for-grid-monitoring","status":"publish","type":"post","link":"https:\/\/www.prismaphotonics.com\/de\/what-the-us-climate-bill-means-for-grid-monitoring\/","title":{"rendered":"What the US climate bill means for grid monitoring?"},"content":{"rendered":"

US climate bill & grid modernization: What you need to know about the new US bill and what it means for power grid monitoring.<\/span><\/p>\n

The US Senate and congress recently passed a significant bill, the <\/span>Inflation Reduction Act of 2022<\/span><\/a>, in August 2022. However, the bill’s name hides what can be viewed as the biggest move that the United States of America has ever made to address climate change. While the bill does deal with healthcare and taxing corporations, the biggest share of the bill’s spending is climate and clean energy \u2013 $369 Billion over 10 years.\u00a0<\/span><\/p>\n

Here are some estimates for the allocated budgets:<\/span><\/p>\n

\"inflation<\/a><\/span><\/p>\n

Source: The inflation reduction act of 2022 summary<\/a><\/span><\/p>\n

The bill passed the house (on August 12th, 2022) and moved to President Biden’s desk to be signed into law soon. It represents a major move for grid modernization, providing unprecedented funding to ensure energy security, reduce carbon emissions, increase energy innovation, and support environmental goals.<\/span><\/p>\n

But if truth be told, it seems that the administration’s emissions goal of reaching 50 percent of the 2005 level by 2030 seems rather ambitious. Nonetheless, it is undoubtedly a move in the right direction.<\/span><\/p>\n

Even though the US annual greenhouse gas emissions are expected to be significantly lower by 2030 than they would be if the country’s current policies were maintained, the data from Rapid Energy Policy Evaluation and Analysis Toolkit (<\/span>REPEAT<\/span><\/a>) estimates indicate that the target is still far off. Instead, REPEAT expects emissions to come closer to the desired level by 2035.<\/span><\/p>\n

\"The<\/a><\/p>\n

Source: <\/span>Statista<\/span><\/a><\/p>\n

What about the transmission grid?<\/span><\/h1>\n

The Inflation Reduction Act (IRA) refers to the power transmission grid in several ways. The prominent ones include:<\/span><\/p>\n