The big news this week is that the Environmental Protection Agency (EPA) released their proposed Clean Power Plan. Environmental groups and climate change activists have been eagerly awaiting these carbon emission standards for coal-fired power plants.
Power plants are the largest source of carbon pollution in the U.S. and generate approximately one-third of all domestic greenhouse gas emissions. The EPA’s proposal, released Monday, will help lower carbon emissions from existing power plants by 30% below 2005 levels by 2030.
The proposed rules are the latest under President Obama’s Climate Action Plan. The EPA is charged with proposing commonsense approaches to reduce greenhouse gas emissions from new and existing power plants.
Last June, President Obama announced a series of executive actions to reduce carbon emissions, prepare the country for the impacts of climate change and lead international efforts to address global warming. Learn more about the President's Climate Action plan on the White House web site.
For good or ill, climate change continues to be a politically charged issue, often dividing along party lines. However, many companies recognize that global warming is already impacting their daily business operations and that the problem is only going to get worse if we do not take steps now to embrace a low-carbon future.
Sustainability advocacy nonprofit Ceres coordinated letters of support for the EPA’s proposed carbon pollution rule to the Obama Administration and Senate and House majority and minority leaders from 125 companies including the likes of Unilever, VF Corporation and Mars. The letters were also signed by 49 investors managing $800 billion in assets.
Read more about the EPA’s proposed Clean Power Plan at http://www2.epa.gov/carbon-pollution-standards/clean-power-plan-proposed-rule.