Unprecedented Regulations Are Designed to Transform Energy Sector and Obama Presidency
Posted at 6:59 a.m. on June 2, 2014
The Environmental Protection Agency will release a draft proposal on Monday to cut carbon pollution from the nation’s power plants 30 percent from 2005 levels by 2030.
New York Times: President Obama “has a chance to transform the nation’s energy sector and, at the same time, his presidency.”
“And yet the president seems to have chosen a low-wattage rollout of the plan … Instead, he will leave it to Ms. McCarthy to announce on Monday, while he plays a supporting role by making a telephone call to the American Lung Association.”
“The new regulation, which must go through a period of public comment before taking effect, will set a national standard to cut carbon from power plants. It will offer states a menu of options to achieve those cuts, such as adding wind and solar power and energy-efficient technology and joining or creating state-level emissions trading programs called cap and trade.”
“Experts close to the drafting of the rule said they expected it would lead to annual cuts of up to 500 million tons of carbon in the next decade and more than one billion tons of carbon annually in ensuing years.”