Clean Power Plan
On August 3, 2015, President Obama announced the sweeping next stage of the Clean Power Plan, which for now forms the most significant climate action taken by the U.S. government. The deal is meaningful in an international sense, as it at least counts as some credit towards America’s basic international climate obligations, but it is focused on the American economy and the energy and utilities sector in particular.
Among the most significant impacts of the Plan will be that it requires states to meet emissions reductions targets, but leaves some of the choices how up to states. A price on carbon will be one of the ways states can meet their targets, a course of action detailed here and, less technically, here.
Practically speaking, this means that the proposals of state carbon pricing campaigns are even more politically important now that state governments must consider adopting a price on carbon as part of their compliance with the Clean Power Plan.
For further reading:
- C2ES’ Clean Power Plan FAQs
- Michael Levi’s five key takeaways from the Clean Power Plan
- Brad Plummer situating the Plan in the context of the rest of Obama’s climate platform