The Environmental Protection Agency (EPA) released today its long-awaited proposed rule limiting carbon dioxide (CO2) emissions from new power plants. The proposed rule is important because it has the potential to dictate the fuel source for power plants for decades to come, which potentially could raise electricity prices for businesses and individuals. The rule also sets a major new environmental policy and is a high-profile step in the effort to limit carbon emissions. Most importantly, this rule sets the stage for the coming battle over CO2 limits for existing power plants–a rule with even farther reaching implications.
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