White House toughens clean power targets, will require CCS
The Obama administration will compel the nation's power fleet to cut nearly one-third of its carbon emissions by 2030, deepening reductions and increasing incentives for renewable power. The White House also will require new coal-fired power plants to employ carbon capture technologies, but at a lower capture rate than previously proposed.
The final Clean Power Plan that President Obama will unveil tomorrow afternoon at the White House will require today's power fleet to cut CO2 emissions 32 percent below 2005 levels by 2030 -- an increase from the initial target of 30 percent in the draft rule issued in June 2014. It assigns states' reduction responsibilities based on three building blocks: heat-rate improvements at coal plants, a shift from coal to natural gas use and renewable energy. Click here to read this Greenwire news alert.