CHARLESTON – The EPA and the Obama Administration announced their new GHG regulations on existing sources in Washington, DC this past Monday morning.
The regulations, which will force existing sources to slash emissions of CO2 by 30 percent from 2005 emissions, by 2030 will force even more coal-fired power plants to close.
Taken together with the recently passed standards on new sources, the threat is that coal’s share of the electric generation market in the U.S. could decrease to approximately 30 percent and putting potentially hundreds of thousands of Americans out of work.