EPA Proposes Power Sector CO2 Emissions Reduction Plan
With cap-and-trade and carbon tax proposals going nowhere in congress, the Obama administration is tackling the global warming issue through the administrative branch, using U.S. Environmental Protection Agency regulations. In the transport sector, the administration promulgated vehicle fuel efficiency (mileage) standards. In the power sector, the EPA has proposed regulations requiring that all new power plants emit no more CO2 than a typical natural gas plant-thus, any new coal plants would have to employ CO2 sequestration. And now, the EPA is proposing to address CO2 emissions from existing power plants by establishing CO2 emissions reduction requirements for the power sector.