As the American people wait for President Obama to outline his second term priorities, climate change seems a live issue again. In his re-election acceptance speech, he stated: “We want our children to live in an America that isn’t burdened by debt, that isn’t weakened by inequality, that isn’t threatened by the destructive power of a warming planet.”
At the outset, the energy industry is watching not so much Congress, but the Environmental Protection Agency. The EPA has a long to-do list, none of which requires congressional action: Writing new rules limiting sulfur in gasoline, ozone emissions, and pollution from cement plants and boilers.
Perhaps the closest watched will be rules governing existing power plants and their greenhouse gas emissions. They make up 40 percent of the national footprint.
Read more at Marketplace.org. By Scott Tong.