Elisa Wood, Contributing Editor
June 02, 2014
Virginia, USA — In a history-making move for clean energy, the Obama administration today, for the first time, proposed a rule to restrict carbon dioxide on existing power plants.
The Environmental Protection Agency (EPA) announced the proposal amid strong praise from several clean energy groups and, not surprisingly, criticism from coal supporters. The rule calls for reducing carbon 30 percent by 2030 over 2005 levels.
While the proposal is complex, the bottom line is simple. Generators that emit high levels of carbon will find themselves in a less favorable position in the electricity marketplace. Those that emit little or no carbon — like renewable energy — gain a new level of value.
Read the full article here