On May 22, 2015, the Energy Information Administration (EIA) released a report analyzing the impact of the final draft Clean Power Plan that was submitted to the White House in May. Its findings predict a major increase in coal plant retirements.
The EIA findings—an increase in coal retirements and electricity prices—are consistent with the impacts modeled by the EPA. The two federal agencies agree the proposed rule will shift the electric industry away from coal and toward more natural gas and renewable resources. The expected result is a 30% reduction in carbon emissions while paying 2.6% more for electricity than the base case in 2040.
WSJ: Proposed EPA Carbon Rules Will Mean Higher Bills and Fewer Coal Plants, New Report Says
EIA: Analysis of the Impacts of the Clean Power Plan
This report is part of the Clean Tech & Sustainability Minute series. To view all featured Minutes, please click here.
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