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EPA Energy Regulation Discussion Featuring If you experience any technical difficulties, please contact Anna Lemp at Clare Foran.

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Presentation on theme: "EPA Energy Regulation Discussion Featuring If you experience any technical difficulties, please contact Anna Lemp at Clare Foran."— Presentation transcript:

1 EPA Energy Regulation Discussion Featuring If you experience any technical difficulties, please contact Anna Lemp at alemp@nationaljournal.com Clare Foran National Journal Correspondent @ckmarie Moderator, Katharine Conlon Presentation Center @KatharineConlon

2 Clean Power Plan Sets Individual State Goals for Reducing Emissions from Power Plants Source: U.S. Environmental Protection Agency, “Clean Power Plan State-Specific Fact Sheets,” August 3, 2015; National Journal Research, 2015. 2030 Emission Goals by State, Percentage Reduction from 2012 Historic Emission Values Recommendations and detected threats OH WV VA PA NY ME NC SC GA TN KY IN MI WI MN IL LA TX OK ID NV OR WA CA AZ NM CO WY MT ND SD IA UT FL AR MO MS AL NE KS VT NH MA RI CT NJ DE MD 0-10% 11%-20% 21%-30% 31-40% 41-50% HI AK No data* *Vermont has no fossil-fuel electric power plants. Alaska and Hawaii have unique grid situations, and the EPA is still working on establishing their goals. 1

3 Carbon Dioxide Emissions are Down 15% Since 2005 Levels Source: U.S. Energy Information Administration, “July 2015 Monthly Energy Review,” July 28, 2015; Perry Lindstrom, “Lower Electricity-Related CO2 Emissions Reflect Lower Carbon Intensity and Electricity Use,” U.S. Energy Information Administration, October 23, 2014. Carbon Dioxide Emissions from Electric Power Sector, 2000-2014 (Million Metric Tons of Carbon Dioxide) 2417 MMmt 2051 MMmt 2 1643 MMmt: 30% Emission Reduction Goal for 2030

4 States Can Decide How to Reach Goals for Reducing Emissions Source: Brad Plumer, “How Obama’s Clean Power Plan Actually Works – Step by Step,” Vox, August 4, 2015. Methods for Reducing Carbon Dioxide Emissions Shift from coal power plants to natural gas power plants Increase in renewable energies such as solar, wind, and nuclear energy Establish programs to promote energy efficiency in homes Utilize a cap-and- trade program or carbon pricing 3

5 Clean Power Plan Creates Political Tension Source: Clare Foran and Jason Plautz, “Winners and Losers in President Obama’s Global Warming Rule,” National Journal, August 2, 2015. Winners and Losers with the Clean Power Plan Rule Winners President Obama The rule would be an achievement for President Obama’s climate change agenda Renewable Energy States will bring in more renewable energy sources, like solar power and wind energy Nuclear Power The rule will offer up incentives for building or upgrading nuclear power plants Cap-and-Trade The rule encourages states to use a cap-and-trade program, and includes an option of interstate cap- and-trade Lawyers Legal battles over the rule will drag on and require participation from lawyers of both sides Losers Purple State Senators Facing Tough Elections Candidates facing tough elections will have to make decisions that could potentially alienate one side of the battle Natural Gas The rule projects that power from natural gas will be identical to business-as-usual scenario, due to incentives from zero-emission sources Coal The rule is likely to trigger even more coal-plant shutdowns, reducing demand for coal Carbon Capture and Storage The new rule will not rely on carbon capture as much as what was expected in the previous draft of the rule 4

6 States Have Seven Years to Meet Initial Emission Reduction Goals Source: Alex Guillen, “Obama Issues Landmark Climate Change Rule,” August 3, 2015. Timeline for President Obama’s Clean Power Plan 2030202220182016 States with extensions must submit plans to the Environmental Protection Agency States must start cutting their carbon dioxide emissions States continue to follow the goal that was set States may begin submitting plans to the Environmental Protection Agency 5


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