President Barack Obama is about to unveil the centerpiece of his agenda to fight climate change, a much anticipated rule to slash the emissions of planet-warming gases from power plants.
The president will call for major reductions, according to sources familiar with the planning, with each state given its own greenhouse gas emissions reduction target and the power to decide how to meet it. The Environmental Protection Agency is putting the plan together, and Obama will announce it Monday.
The plan could push states to require more renewable energy use and to lower demand by investing in efficiency programs for homes and businesses. States also could use so-called “cap-and-trade” systems, in which emissions are limited and polluters buy and sell rights to release greenhouse gases, according to indications the Obama administration has given to environmental groups and others.
California already has such a cap-and-trade system, as does a coalition of Northeastern and mid-Atlantic states including New York, Massachusetts and Maryland.
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