The U.S. Environmental Protection Agency proposed on Tuesday a
rule to cut carbon dioxide emissions from power plants. The EPA Proposal will effectively require any new
coal-fired plants to incorporate carbon capture and storage
("CCS") equipment. The proposal does not affect currently
operating plants, or plants that already have permits and begin
construction within 12 months.
A related EPA News Release states that the proposed rule
reflects "the ongoing trend in the power sector to build
cleaner plants that take advantage of American-made
technologies." The EPA also claims that "the power plants
that are currently projected to be built going forward" would
already be compliant with the standard set by the proposal, and
therefore there would be no additional costs of industry
compliance.
