The Coalition for Renewable Natural Gas (RNG Coalition) has welcomed the U.S. Department of the Treasury’s issuance of the final rulemaking on the Section 48 Investment Tax Credit (ITC) expanded under the Inflation Reduction Act (IRA).
The updated regulations represent a significant step forward for the biogas and renewable natural gas (RNG) industries in North America, ensuring wider project eligibility for these critical tax credits, said the association.
“RNG Coalition commends the Treasury Department’s issuance of the Sec. 48 investment tax credit (ITC) rule," said RNG Coalition director of federal affairs Geoffrey Dietz.
"The final rulemaking reflects the intent of Congress to broadly incentivise the beneficial use of biogas, including as RNG, further to the Inflation Reduction Act’s goals of accelerating decarbonisation and clean energy deployment.
"We look forward to continued discussion with members of Congress and the incoming Trump-Vance administration on the role of RNG development, deployment and utilisation in advancing both America’s global energy leadership and private sector-led clean energy investment in communities across the country.”
This rule marks another major milestone for the RNG industry, unlocking opportunities for new and retrofitted projects while ensuring that biogas-to-RNG systems remain central to long-term U.S. decarbonisation plans, continued the coalition.
With billions in planned investments in RNG projects across the US, the Treasury’s final rule provides the investment certainty needed to continue advancing our industry’s shared mission and Sustainable Methane Abatement & Recycling Timeline (SMART).
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