| The Obama administration took its most forceful step yet on climate change with an EPA proposal to curb greenhouse gases from existing power plants. The most likely impact from the rules, if they survive legal challenges, will be an accelerated shift to natural gas and more energy efficiency measures in coal-heavy states.
EPA director Gina McCarthy on Monday unveiled the Clean Power Plan to reduce carbon dioxide emissions from power generation 30 percent by 2030 compared to 2005. The EPA expects to finalize the rules in one year and give states one year to submit an initial compliance plan. Final plans would be approved by 2017 or 2018 if it’s a multistate approach...............................................Full Article: Source
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