White House and EPA Release Final Clean Power Plan With Significant Changes

On August 3, 2015, the White House and the Environmental Protection Agency released the final Clean Power Plan, which establishes national carbon emissions standards for existing power plants pursuant to section 111(d) of the Clean Air Act. The plan is estimated to reduce carbon dioxide emissions by 32 percent from 2005 levels by 2030, at an estimated annual incremental compliance cost of between US$5.1 billion and US$8.4 billion in 2030. These emissions reductions will be phased in on a gradual eight-year "glide path" between 2022 and 2030.

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