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EPA Aims to Get Half the Waxman-Markey Carbon Cuts
Posted at 3:46 p.m. on Aug. 19, 2014
Cuts in 2020 from rules for power plants that the EPA proposed in June as well as the cumulative cuts from three transportation restrictions through 2020 would result in net carbon cuts of 2.95 billion metric tons compared with continued 2005 levels. The cut would be about 47 percent of the reduction that had been expected under the Waxman-Markey cap-and-trade bill that was passed by the House but not the Senate, Tait Militana reports (subscription). By 2030, the cuts from regulations would add up to 13.6 billion tons, more than half of Waxman-Markey reductions.
The power plant rule would require 49 states to set up plans using a variety of measures to meet their specific reduction goals.
Note: This post was revised to reflect that the calculated carbon cuts are cumulative over the years of implemented rules.