• 4 minutes Why Trump Is Right to Re-Open the Economy
  • 7 minutes Did Trump start the oil price war?
  • 11 minutes Covid-19 logarithmic growth
  • 15 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 18 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 14 mins How to Create a Pandemic
  • 3 hours KSA taking Missiles from ?
  • 5 mins There are 4 major mfg of hydroxychloroquine in the world. China, Germany, India and Israel. Germany and India are hoarding production and blocked exports to the United States. China not shipping any , don't know their policy.
  • 45 mins A New Solar-Panel Plant Could Have Capacity to Meet Half of Global Demand
  • 6 hours Trump eyes massive expulsion of suspected Chinese spies
  • 36 mins TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 6 hours Today 127 new cases in US, 99 in China, 778 in Italy
  • 7 hours America’s Corona Tsar, Andrew Fauci, Concedes Covid-19 May Be Just a Bad Flu With a Fatality Rate of 0.1%
  • 9 hours Western Canadian Select selling for $6.48 bbl. Enbridge charges between $7 to $9 bbl to ship to the GOM refineries.
  • 12 hours Where's the storage?
  • 14 hours Oxford Epidemiologist: Here’s Why That Covid-19 Doomsday Model Is Likely Way Off

Winners And Losers Of EPA’s Carbon Plan

Introduction

The United States is hoping to take drastic measures to cut its greenhouse gas emissions. However, with the U.S. Congress gridlocked and unable to take any meaningful steps on pretty much anything, the Obama administration has decided to act unilaterally using existing executive authority.

President Obama, through the Environmental Protection Agency, has proposed limits on greenhouse gas emissions from both new – and crucially – existing power plants. The target is coal, the dirtiest form of electricity generation. Coal currently accounts for nearly 40 percent of the total electricity generation mix across the country.

The EPA’s “Clean Power Plan” will cut carbon pollution by 30 percent below 2005 levels by 2030. While that overarching national goal is the headline number, each U.S. state has individual targets for reducing carbon pollution that it must reach. The rule will allow each state to come up with their own plan on how to achieve those emissions reductions. It could mean a renewable portfolio standard, energy efficiency, cap-and-trade programs, or a number of other policies.

The Wires

No matter what pathway states choose, it can be generally assumed that a lot more renewable energy is on its way. New solar, wind, and geothermal plants will take the place of dozens of coal-fired power plants that are set to retire. As a result, a truly transformational shift in America’s electricity grid…




Oilprice - The No. 1 Source for Oil & Energy News