Early next month, the president is set to formally unveil a policy proposal that will serve as the centerpiece of his administration's legacy on climate change. The Environmental Protection Agency's regulations to curb carbon emissions from existing power plants are top of mind for anyone working in Washington's energy and environment sectors and will have sweeping impacts across the states.
Reports anticipating the rule's release say EPA plans to create
a flexible framework that won't cap emissions from individual power plants but rather will give states some leeway in deciding how to rein in emissions. The approaching due date for the regulations has prompted a clamor of voices, inside the Beltway and out, suggesting different ways to meet the standards, including draft legislation
in the House that would allow states to impose a carbon tax to comply with the climate rule.
What should the regulations do to give states the best shot at enforcing the emissions limits without strain? What considerations is the administration likely weighing as it puts the final touches on the climate rule? What opportunities could the rule create? And what risks does it pose?