The Biden administration is moving forward with a proposal that would require fossil fuel-fired power plants to reduce their carbon dioxide emissions or face costly carbon capture technology.
The proposed regulation, set to be released by the Environmental Protection Agency (EPA), is expected to require coal and natural gas-fired power plants to cut or capture the majority of their emissions by 2040. This proposed regulation would represent the first-ever federal action aimed at reducing power plant emissions.
Many Republicans are concerned that the Biden administration’s efforts to reduce carbon emissions will hurt the fossil fuel industry and result in electricity shortages. However, it’s crucial that we prioritize the environment and work towards reducing emissions in a practical and responsible manner.
The electric power sector accounts for a significant percentage of total US emissions, making it an important target for emissions reductions.
While the proposed regulation is still under interagency review, the EPA plans to use all of its legally-upheld tools to address dangerous air pollution and protect future generations. The proposed rule is expected to be issued in spring 2023, with a final rule set for summer 2024.