Policy ForumENVIRONMENTAL ECONOMICS

An economic perspective on the EPA's Clean Power Plan

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Science  14 Nov 2014:
Vol. 346, Issue 6211, pp. 815-816
DOI: 10.1126/science.1261349

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Summary

In June, the Obama Administration unveiled its proposal for a Clean Power Plan, which it estimates would reduce carbon dioxide (CO2) emissions from existing U.S. power plants 30% below 2005 levels by 2030 (see the chart). Power plant emissions have declined substantially since 2005, so the plan is seeking reductions of about 18% from current levels. Electricity generation accounts for about 40% of U.S. CO2 emissions.