Obama Launches Major Climate Agenda
Posted at 8:45 a.m. on June 25
President Obama will launch his most significant effort to address climate change today, releasing a climate action plan and giving a major speech that lay out a series of executive actions. The Hill has details.
“Internationally, it seeks to knock down trade barriers to climate-friendly goods and services… A few other highlights of the sweeping plan include up to $8 billion in Energy Department loan guarantees for advanced fossil energy projects, such as coal plants that trap carbon; fuel economy standards for heavy-duty trucks beyond model year 2018, when existing standards run through; and continued Interior Department efforts to permit renewable energy projects on federal lands.”
Brad Plumer looks at the big ticket item: “The White House is asking the EPA to propose rules for those existing plants by the summer of 2014 and finish them by 2015… The details of these rules will matter a great deal — and the agency has some leeway on how strict they’ll be… These wonky details could determine whether or not the United States can actually hit its short-term climate targets.”