Despite being soundly rejected a few years ago, cap-and-trade will get its U.S. encore but not in Congress. The Obama administration will likely use its executive power to unilaterally impose carbon dioxide emissions trading systems.
The Environmental Protection Agency will unveil regulations for existing U.S. power plants early next month. For months, onlookers have speculating about what could be included in the EPA’s rule for existing power plants.
But over the past few days it has become clear that the Obama administration will use the EPA to push cap-and-trade systems and other anti-fossil fuel policies on U.S. states. Administration insiders have told news outlets that cap-and-trade will likely be one of the options the EPA gives states to cut their carbon dioxide emissions.
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