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Oil prices are plummeting, the United States and China made a major joint climate announcement, and renewable energy reached price parity with coal in a growing number of markets. Iconic tech companies—including Google and Apple—are playing a larger role in both renewable energy and home energy efficiency.

Against this backdrop, 2014 is on track to go down as the world’s hottest year ever recorded. Already, the first 10 months of 2014 have been the hottest on record globally. This is a troubling trend.

As the U.S. Environmental Protection Agency (EPA) moves forward with standards to reduce emissions from existing power plants—which are due to be finalized in June 2015—many states are thinking through how they will comply. WRI’s fact sheet series, Power Sector Opportunities for Reducing Carbon Dioxide Emissions, examines the policies and pathways various states can use to cost-effectively meet or even exceed future power plant emissions standards. This post explores these...

The U.S. EPA has proposed standards to limit power sector emissions, which, once adopted, are expected to reduce carbon pollution from power plants by 25 percent by 2020. But as we recently noted in our public comment on the proposal, increasingly cost-effective efficiency and renewable energy opportunities mean that the EPA can and should require even greater emissions reductions.

With China at an economic and environmental crossroad, ongoing cooperation on climate and clean energy with the U.S. can yield significant social and economic rewards for both countries. The benefits of this course can and must go together to tackle climate change and create vibrant economies for the 21st century.


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