After months of speculation surrounding how the Trump administration will handle the Clean Power Plan, S&P Global Market Intelligence reports that Scott Pruitt’s Environmental Protection Agency has drafted a less-ambitious replacement for Obama’s signature climate initiative. The less-ambitious, ‘inside the fence’ regulations strike at the heart of the Clean Power Plan’s criticism: dirty power plants that could not meet the emission standards were compelled to offset their generation with electricity from lower-emitting sources, like renewables. Clean energy opponents argued that this was akin to forcing coal plants to subsidize their competitors or shut down. The alleged replacement plan would establish a narrower set of regulations aimed solely at thermal efficiency improvements at coal-fired power plants.
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