U.S. President Donald Trump recently announced that his administration is replacing Obama’s established Clean Power Plan with a policy that overlooks coal energy. Parties are concerned about how the shift could affect the environment but despite the new path, it seems like renewable energy will still flourish.
First announced in 2015, the Clean Power Plan was called as the “single most important step America has ever taken to fight climate change.” However, half of all the states went up against the policy so it was never passed into law. Nonetheless, the good news is that wind and solar power are growing in demand and dropping in cost even in states that opposed Obama’s proposed policy.
Although Obama’s policy wasn’t present, the U.S. was still able to generate 18 percent of its electricity from renewables last year, which is a more than double the numbers a decade back. This resulted in carbon emissions dropping t0 its lowest level in 25 years, cutting 28 percent at the end of 2017. In comparison, the Clean Power Plan was expected to have cut emissions by 19 percent to 32 percent by 2030.
America’s Pledge Vice Chair Carl Pope says that the U.S. has already passed what the initial requirements were for the Clean Power Plan. He also says that “in fact, the deployment of renewables has accelerated since Donald Trump was elected president. Renewables are not being driven by presidential favor and they’re not being driven by Environmental Protection Agency (EPA) regulations.”
ACE policy officially revealed
Announced last week, the Affordable Clean Energy (ACE) looks to guide states in their own development of strategies to control greenhouse gasses released by power plants. The EPA says that the ACE policy “empowers states, promotes energy independence, and facilitates economic growth and job creation.”
The policy will control emissions through four main actions. First is that it will define the best systems of emission reduction for existing power plants. It will also look into a list of candidate technologies that can be used to create new standards for states to abide by. The ACE policy also improves the New Source Review (NSR) permitting program to encourage efficiency. Lastly, the policy will give states apt time to develop their state plans.
The EPA has conducted an analysis of the possible results of the policy and one of which is that it will reduce carbon emissions to lower levels. Furthermore, it could provide $400 million in annual benefits while reducing the compliance burden by the same amount per year compared to the Clean Power Plan.
Obama’s proposed policy in 2015 was promising to say the least. Despite not coming into full effect, it’s good to know that the U.S. is still making progress with regards to the use of renewables. Even better is that carbon emissions could still improve regardless of whether or not Trump’s administration makes a move that counters the Clean Power Plan.
Buffett Made This One Big Mistake. Don’t Let Yourself Do the Same
When an investment opportunity like AR and VR comes along, it can be hard knowing when to jump. Even if...
Bank of America Sees Bitcoin as an Opportunity for El Salvador
September 7th, 2021 is the date set for the introduction of Bitcoin as the official currency in El Salvador. BTC...
Spanish Biotech Companies’ Profits Fall 28% in the First Half of the Year
Grifols, which specializes in the production of plasma derivatives, achieved a profit of $317.2 million (€266.8 million) in the first...
The Economic Situation in Morocco: Domestic Demand Continues to Recover
Domestic demand in Morocco continued to recover in Q2-2021. According to the HCP, household consumption has, in fact, strengthened by...
Soybeans Market Closed Lower on Friday
Soybeans and the products were lower on Friday. Soybeans closed the week a little higher while the products were narrowly...
Cannabis7 days ago
Colombia Now a Major Player in Industrial Cannabis Production
Crowdfunding7 days ago
Eltif ALICrowd Invests €600,000 in the Equity Crowdfunding Campaign of Orapesce
Business5 days ago
Forget Facebook (NASDAQ: FB) and Apple (NASDAQ: AAPL): Virtual Reality (VR) and Augmented Reality (AR) Investors Should Snap Up XRApplied (CSE: XRA) Instead
Africa7 days ago
New Control System of Industrial Products Imports in Morocco