Not only coal, but the higher cost of electricity will affect everyone and every industry.
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The Environmental Protection Agency will unveil a sweeping proposal Monday that will require deep cuts in carbon emissions from existing power plants, including a 30% national target by 2030, according to two people briefed on the plan.
The EPA draft rule, a major plank of President Obama’s initiative to fight climate change, will require states to develop and implement plans to cut power plant emissions of heat-trapping carbon dioxide. It will give states different reduction targets but will seek a national average — from 2005 levels — of 25% by 2020 and 30% by 2030, say those familiar with the plan.
Thwarted by Congress’ inability to pass a bill to lower U.S. carbon emissions, Obama is pushing his own approach. Last June, he asked the EPA to use its authority under the Clean Air Act to limit power plants emissions, which account for the largest share — nearly 40% — of total U.S. emissions. Coal-fired facilities will be hardest hit, because they emit more carbon than other power plants.