The U.S. Environmental Protection Agency (EPA) said Monday it finalized a rule repealing most of the carbon-emission limits for coal- and natural gas-fired power plants and proposed a separate measure that could restrict similar regulations in the future.
The EPA projects that the two actions announced Monday would save about $310.4 billion if the proposed repeal is finalized.
EPA Administrator Lee Zeldin said the changes would allow the United States to build power-generating infrastructure to meet a rapidly rising demand.
“For over 15 years, the Obama and Biden administrations implemented a war on coal to destroy reliable and affordable energy. The Trump administration has come in to protect American energy and to make sure you can afford to keep the lights on,” Zeldin said Monday in a statement. “Americans will see a decrease in electricity prices, but this is just the beginning. We are working to go even further so that American energy can be fully unleashed. Realizing the full potential of American energy means more jobs, lower prices, and a more prosperous America.” …