2023-04-22 20:25:50 ET
The Biden administration is set to announce tougher regulations on greenhouse gas emissions from new and existing power plants that could compel them to capture the pollution from their smokestacks, The New York Times reported Saturday.
Nearly all coal and gas-fired power plants would be required to cut or capture nearly all of their carbon dioxide emissions by 2040, the report said.
The regulation, to be proposed by the Environmental Protection Agency, would not mandate the use of carbon capture equipment, but would set caps on pollution rates that plant operators would have to meet, which could be achieved by using a different technology or switching to a fuel source such as green hydrogen, according to the report .
The proposal, said to be currently under review by the White House Office of Management and Budget, is the second attempt to control carbon dioxide released from power plant smokestacks, after the Supreme Court last year rejected a sweeping Obama-era rule that sought to shift electricity generation from fossil fuels toward renewable sources.
ETFs: ( NYSEARCA: XLU ), ( ICLN ), ( QCLN ), ( PBW ), ( PBD ), ( ACES ), ( CNRG ), ( ERTH ), ( SMOG )
Earlier this month, the EPA unveiled a proposal for tighter standards for mercury and other toxic emissions from coal-fired power plants .
For further details see:
EPA poised to propose restrictions on greenhouse gases from power plants