💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Biden EPA toughens smog curbs at power plants to protect 'downwind' states

Published 03/15/2021, 09:17 PM
Updated 03/15/2021, 09:30 PM
© Reuters. A view of the frozen Lake Erie shoreline in Ohio

(Reuters) - The U.S. Environmental Protection Agency said on Monday it will require power plants in a dozen states to cut their smog emissions starting this year as part of an effort to help areas of the country that are downwind of polluting industry.

The move to finalize previously proposed changes to the U.S. Cross-State Air Pollution Rule is among the first actions by the EPA under its new administrator, Michael Regan, who was confirmed by the Senate last week and is expected to play a central role in President Joe Biden’s push to crack down on polluters and fight climate change.

The EPA estimated the changes to the pollution rule would reduce emissions by 17,000 tons beginning in 2021, reducing asthma attacks, emergency room visits and premature deaths. The agency first proposed the changes late last year under the Trump administration after a court in 2019 found that the EPA had been failing to protect some states from significant upwind pollution.

“The action we are taking today will not only help states meet their clean air obligations, but, more importantly, deliver cleaner, healthier air to millions of Americans starting this summer,” Regan said in a press release

Under the action, power plants in Illinois, Indiana, Kentucky, Louisiana, Maryland, Michigan, New Jersey, New York, Ohio, Pennsylvania, Virginia and West Virginia will have to cut smog-forming nitrous oxide emissions starting this summer by ramping up their use of existing pollution-control equipment.

Plants often switch off pollution controls for financial reasons.

Further reductions in emissions from the plants could come from upgrading or installing new equipment, the EPA said.

© Reuters. A view of the frozen Lake Erie shoreline in Ohio

“The public health and climate benefits are valued annually, on average, at up to $2.8 billion each year over the period 2021 to 2040,” the agency said.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.