By now you’ve probably seen the latest news: the EPA has proposed the first comprehensive plan to regulate carbon dioxide emissions from the nation’s power plants.
If the plan passes, it would mark the first time in history that a national carbon dioxide rule would be codified into law.
The proposal, titled “Clean Power Plan,” is the first step in the process of enacting a carbon-pricing system, which the EPA says will help meet our nation’s climate goals, as well as reduce emissions that are contributing to climate change.
The plan, which is expected to be released this fall, is intended to give states and cities the tools they need to develop their own carbon pricing strategies.
The EPA’s plan, in its current form, is not expected to lead to any significant cost savings for consumers, but instead is expected “to improve the efficiency of existing power plants, increase their energy efficiency, and reduce their emissions.”
The EPA is calling for the plan to be “designed to meet the climate goals of the Paris Agreement.”
The plan proposes a variety of incentives for utilities, which include: lower fuel prices, a rebate for electric vehicle owners, and a reduction in the amount of power plants required to generate electricity.
The agency is also calling for a “cap-and-trade” system, in which utilities can purchase carbon credits, which they can use to offset future emissions.
The plan is not a complete blueprint, as the EPA is currently working on the Clean Power Plan’s next steps.
“This is a first step toward the ultimate goal of a cleaner, more resilient, and more resilient nation,” Interior Secretary Ryan Zinke said in a statement announcing the plan.
But there’s a catch: The EPA plan is just one part of a multi-year plan that the agency is calling the Clean Energy Reinvestment Act.
“We’re building on our climate action plans, and we are not abandoning any of them,” Interior EPA Administrator Gina McCarthy said in an interview with ABC News.
“But I think the point of this is to make sure that we get this right, and the first thing we need to do is build on those plans, to build on the commitments made by the Obama administration and Congress.”
The EPA is also trying to get ahead of the problem.
The federal agency is proposing a plan to help the states develop their plans, which it hopes will be ready to go by 2021.
The plans will be based on a number of different factors, including “how quickly we can make this happen, and what we know about what is happening in the markets.”
The Clean Energy Act, the EPA proposed bill, would provide grants to states to encourage their citizens to install wind and solar energy.
The grants would cover the costs of installing those new technologies.
If a state chooses to implement a carbon pricing system, the grant would cover those costs.
The act also encourages states to use carbon credits to offset their carbon emissions from power plants and energy infrastructure.
Under the Clean Clean Energy Reconciliation Act, Congress allowed the federal government to fund grants to help states “rebalance energy supply and demand.”
But the EPA proposal says the agency will use funds to help “develop, develop, develop.”