EPA's Clean Power Plan Could Mean the Death of Coal-Fired Power
The US Energy Information Administration has analysed the Environmnetal Protection Agency's Clean Power Plan, and they estimate its adoption could speed up the process of ending coal generation by quite a lot, virtually eliminating the CO2-emitting technology by 2040.
The updated analysis from EIA shows power prices will rise about 4.9% under the federal government's plan to reduce carbon emissions. But the report also shows that the CPP does reduce emissions significantly: 2030 reductions range from 484 to 625 million metric tons, EIA said.
"The projected power sector emissions level in 2030 ranges from 1,553 to 1,727 million metric tons across the cases, reflecting a reduction of between 29% and 36% relative to the 2005 emissions level of 2,416 million metric tons," the report concluded.
About 40 GW of coal-fired capacity will retire by 2040 even if the new plan is not adopted, but if it is, that number could more than double to 90 GW.
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