Law360, New York (August 5, 2014, 10:30 AM EDT) -- On June 2, 2014, the U.S. Environmental Protection Agency proposed a rule outlining the "Clean Power Plan," what it called a "common sense plan to cut carbon pollution from power plants." The proposed rule would require existing power plants to reduce their carbon dioxide emissions 30 percent from 2005 levels by the year 2030. According to the U.S. Energy Information Administration's Monthly Energy Review, CO2 emissions have already been falling over the past decade, with the levels dropping 12 percent between 2005 and 2012 alone. This is the latest move in the Obama administration's quest for overall greenhouse gas reductions; prior initiatives have focused on increased efficiency guidelines for the transportation sector and new restrictions on high-potency greenhouse gases, such as hydrofluorocarbons and methane....