According to Thomson Reuters Point Carbon, US President Barack Obama is expected to announce the guidelines of his biggest emissions reduction initiative today.
The initiative will aim to curb carbon dioxide emissions from existing coal and natural gas-fired power plants throughout the US.
The announcement is set to be part of President Obama’s Climate Action Plan and its aim is to combat global warming through executive powers, in absence of Congressional action in passing cap-and-trade legislation.
The guidelines for states on how to reduce carbon dioxide emissions, prepared by the US Environmental Protection Agency (EPA), are expected, in part, to provide the reductions necessary for the US to achieve President Obama’s goal of reducing greenhouse (GHG) emissions by 17% below 2005 levels by 2020.
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