Research group more ‘bullish’ on EPA climate rule than EPA

By Jean Chemnick | 06/27/2024 06:29 AM EDT

Analysts with the Rhodium Group expect that new regulations for power plants will have a notable impact on emissions.

A coal-fired power plant is silhouetted against the morning sun.

A coal-fired power plant is silhouetted against the morning sun on July 27, 2018, in Glenrock, Wyoming. J. David Ake/AP

A new report suggests that EPA rules for power plants could cut emissions more than EPA itself foresees.

That’s because of what researchers expect from a future energy market.

Analysts with the Rhodium Group, a climate and energy research firm, think future gas prices will be higher than EPA expectations — a variable that could prompt utilities to use more coal to generate electricity. Both fossil fuels produce greenhouse gases, but burning coal emits more.

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EPA’s Clean Air Act standards — released in April — cover both coal and new gas plants. Both EPA and Rhodium see the rules doing more to hustle coal off the grid than to curb appetite for new gas.

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