Full Title: Using the Clean Power Plan’s carbon fee option to offset state taxes
Author(s): Josiah Neeley
Publisher(s): R Street Institute
Publication Date: August 1, 2015
Full Text: Download Resource
Description (excerpt):
Earlier this month, the U.S. Environmental Protection Agency released the final version of its Carbon Pollution Emission Guidelines for Existing Stationary Sources: Electric Utility Generating Units. Known colloquially as the “Clean Power Plan,” the rule sets standards for carbon-dioxide emissions from existing power plants.
The CPP calls for an overall reduction in CO2 emissions of 32 percent from 2005 levels by 2030. However, it applies different standards to each state depending on what prescriptions, in the EPA’s view, are technically feasible. The CPP proposed two alternative standards for each state: a mass-based standard that limits the total amount of CO2 emitted, and a rate-based standard that would be applied to average emissions per kilowatt-hour of electricity.