EPA Readying Climate Rule for Existing Power Plants (Washington Post)
With less than two weeks to go, the U.S. Environmental Protection Agency is readying a climate rule for existing power plants that requires a steep reduction in carbon emissions while allowing states and companies broad flexibility in how they limit overall greenhouse-gas discharges.
While key aspects of the proposal are still under discussion, according to several people briefed on the matter, the measure will spur regional carbon-trading programs on the East and West coasts and is likely to draw a legal challenge from some utilities. As currently drafted, the rule would cut greenhouse-gas emissions from the utility sector by 25 percent, the individuals said, but the baseline for that reduction has not been finalized.
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