EPA Carbon Rule Points States Toward Cap-And-Trade
Law360, New York (June 2, 2014, 8:28 PM EDT) -- The Obama administration's landmark rule reducing carbon emissions from existing power plants by 30 percent by 2030 gives states plenty of options to achieve that target, but experts say states will discover that multistate cap-and-trade systems are the best way to clamp down on emissions while avoiding major disruptions within a regionalized U.S. power system.
The proposed regulations unveiled by the U.S. Environmental Protection Agency on Monday give states until 2016 to present a plan for implementing the rules, with an option to extend the deadline another year — two if they team up on a multistate plan.
The EPA also...
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