On June 2, 2014, under the authority of Clean Air Act (CAA) section 111(d), the Environmental Protection Agency (EPA) proposed guidelines to cut CO2 emissions from existing fossil-fueled power generating units in the electric power sector. The proposed rule, referred to as the Clean Power Plan, sets to achieve CO2 emission reductions from the power sector of approximately 30% by 2030 relative to 2005 levels.
EVA performed an independent assessment of EPA’s Clean Power Plan to estimate its impact on the US electric power, natural gas and coal markets and how the average US household will be impacted if each state were to meet EPA’s proposed CO2 emission rate targets.
EVA’s regulatory impact analysis on the EPA’s Clean Power Program is accessible by clicking the cover page of the report below. For a snapshot of the Clean Power Plan’s impact on the average household within each state, click the map below.