Clean Power Plan Prosed Rule “provides strong incentives for innovation” in Electricity Sector

NEW YORK- Richard B. Stewart, Director of the Guarini Center for Environmental, Energy, and Land Use Law at New York University School of Law issued the following statement:

 

“Today’s power plant carbon regulatory initiative by the Obama administration is a major step forward in addressing climate change. By allowing wide flexibility, including cap and trade systems for reducing emissions, the proposed regulation provides strong incentives for innovation in the entire electricity sector and ensures that reductions will be achieved in an efficient manner that will benefit electricity consumers. The initiative also sends a strong signal internationally about US resolve that will enhance the chances for a global climate protection agreement. The regulatory targets for 2020 are ambitious but realistic. The 2030 targets aim too low, but can and should be increased.”

###

 

For more information, please contact:

Danielle Spiegel-Feld, NYU School of Law – (212) 992-6146, Danielle.spiegel-feld@nyu.edu

 

Tags: , ,