September 18, 2016

THANK YOU, PIGOU:

Most states on track to meet emissions targets they call burden (Nichola Groom and Valerie Volcovici, 9/18/16, Reuters)

The 27 states challenging Obama's Clean Power Plan in court say the lower emissions levels it would impose are an undue burden. But most are likely to hit them anyway.

Already, Arkansas, North Carolina, Oklahoma and South Dakota appear to be meeting the CPP's early targets. And changes in the power market, along with policies favoring clean generation, are propelling most of the rest toward timely compliance, according to researchers, power producers and officials, as well as government filings reviewed by Reuters.

"We are seeing reductions earlier than we ever expected," U.S. Environmental Protection Agency Administrator Gina McCarthy said in an interview. "It's a great sign that the market has already shifted and people are invested in the newer technologies, even while we are in litigation." [...]

[I]n a reflection of how rapidly the power market is shifting, the U.S. government's Energy Information Administration earlier this year reduced its forecast for 2030 power plant carbon emissions by nearly 11 percent, without factoring in reductions that may be generated by the Clean Power Plan.

Posted by at September 18, 2016 7:36 AM

  

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