The administration is set to formally unveil draft regulations to curb emissions from the nation's fleet of power plants on Monday, a major policy step for the president in his bid to shore up a legacy on climate change.
The Wall Street Journal reported on Sunday that the rule will require a 30 percent cut in carbon emissions from 2005 levels by 2030.
Ahead of the rules' release, industry backers and environmental groups have made claims about the economic consequences of the regulatory regime. The U.S. Chamber of Commerce says the rules are likely to kill jobs and drive up the cost of electricity. Natural Resources Defense Council has argued the opposite, saying the rules will spur gains in energy efficiency and create jobs.
The rules won't be finalized for at least another year, and it's impossible to predict exactly how the regulatory framework will impact the energy industry and electricity costs. What is clear, however, is that the rules will impact different sources of power generation differently.
Do the climate rules create winners and losers? What power sources stand to gain a leg up in energy markets once the regulations have been set in stone? What staples of the U.S. power supply stand to suffer? What kinds of programs and mechanisms for compliance are likely to spring up across the states in the aftermath of the regulation?
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