An economic perspective on the EPA's Clean Power Plan

In June, the Obama Administration unveiled its proposal for a Clean Power Plan, which it estimates would reduce carbon dioxide (CO2) emissions from existing U.S. power plants 30% below 2005 levels by 2030 (see the chart). Power plant emissions have declined substantially since 2005, so the plan is s...

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Published inScience (American Association for the Advancement of Science) Vol. 346; no. 6211; pp. 815 - 816
Main Authors Fowlie, Meredith, Goulder, Lawrence, Kotchen, Matthew, Borenstein, Severin, Bushnell, James, Davis, Lucas, Greenstone, Michael, Kolstad, Charles, Knittel, Christopher, Stavins, Robert, Wara, Michael, Wolak, Frank, Wolfram, Catherine
Format Journal Article
LanguageEnglish
Published Washington The American Association for the Advancement of Science 14.11.2014
Subjects
Alternative energy sources
Carbon dioxide
Cleaning
Economics
Electric power generation
Electric power plants
Electricity
Emission
Emissions control
Environmental economics
Environmental policy
Power plants
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Summary:In June, the Obama Administration unveiled its proposal for a Clean Power Plan, which it estimates would reduce carbon dioxide (CO2) emissions from existing U.S. power plants 30% below 2005 levels by 2030 (see the chart). Power plant emissions have declined substantially since 2005, so the plan is seeking reductions of about 18% from current levels. Electricity generation accounts for about 40% of U.S. CO2 emissions.
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ISSN:0036-8075
1095-9203
DOI:10.1126/science.1261349