Earlier this week, the Environmental Protection Agency (EPA) proposed a new rule mandating that power plants cut their greenhouse gas emissions by 30% by 2030. Some critics believe that the target is easily attained and does not go far enough, as a thirty percent cut will have little impact on global climate change given the growth of developing nations such as China and India. Others believe that the rule will have a devastating impact on US energy costs and competitive advantage. But the rule is not without its proponents, who hail the rule as at least a step in the right direction, and an affirmation of the United States' commitment to fighting climate change. The rule could even reduce energy costs in the long run as we switch to locally produced power, and renewable energy technologies such as solar panels.
More...
More...
Comment