Experts believe Cap and Trade will be a big part of the EPA’s new emissions rules when they are revealed next month. Administration insiders say President Obama plans to force cap and trade, something Americans rejected just a few years ago, through EPA rules and regulations. The Wall Street Journal says the EPA’s proposal will “include a cap-and-trade component where a limit is set on emissions and companies can trade allowances or credits for emissions” to meet new federal rules. Power plant operators could then presumably trade emissions credits or use other offsets in the power sector, such as renewable energy or energy-efficiency programs, to meet the target. The action would benefit Democratic states already implementing similar systems. The Democratic governors of California, Oregon, Washington have all signed executive agreements to tax on carbon dioxide. California already operates a cap-and-trade system that went into effect in 2012. Washington’s Democratic governor Jay Inslee recently signed an executive order to impose cap-and-trade and phase out coal power. The new rules are set to be unveiled next week by President Obama himself.
Cap and Trade Expected to be Big Part of New EPA Rules
This entry was posted in News and tagged allowances, Americans, California, Cap and Trade, credits, Democratic, emissions, EPA, executive order, governors, Jay Inslee, Oregon, Power plant, President Obama, renewable energy, rules and regulations, Wall Street Journal, Washington. Bookmark the permalink.