EPA: Climate legislation to overhaul grid, not power plant regulations

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Transforming U.S. Power Generation: The Impact of Climate Laws

The Role of EPA’s Clean Air Act Rules

Recent projections from the Environmental Protection Agency (EPA) indicate that last year’s climate law will have a more significant impact on U.S. power generation than this year’s carbon rules. The EPA’s own modeling suggests that the Inflation Reduction Act has already made substantial changes to the industry, reducing the need for additional regulations.

Overhauling the Power Sector

The Inflation Reduction Act, with its $369 billion in climate and clean energy spending, is expected to revolutionize the U.S. power sector. EPA anticipates that renewable power will experience exponential growth, while coal will be on life support. These changes are projected to reshape the power grid over the next two decades.

Impacts on Coal Capacity

By 2028, EPA estimates that coal capacity in the U.S. will decrease significantly, with coal plants providing only 11% of the nation’s power. The proposed carbon rules for coal are expected to further reduce capacity by 2% when implemented. By 2035, coal plants without carbon capture are projected to be phased out entirely.

The Future of Gas Power

Gas-fired power capacity is predicted to increase slightly by 2040, despite a drop in its share of generation. The draft rules for gas plants are not as stringent as those for coal, leading to minimal changes in trajectory. Environmentalists are concerned about the impact of these rules on gas emissions.

Promoting Renewable Energy

While the EPA’s rules do not mandate the construction of renewable energy sources, they create opportunities for utilities and states to incorporate more renewable power in their energy mix. Strengthening the standards for gas plants could encourage greater investment in cleaner energy alternatives.

Read More of this Story at www.eenews.net – 2024-06-18 05:05:30

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