Remaking American Power
The Environmental Protection Agency (EPA) has released a draft rule regulating carbon dioxide from existing U.S. fossil-fuel fired power plants. These rules will likely bring about the most significant change in the U.S. electricity sector in decades. But regulating GHG emissions from existing power plants will also have important supply-side implications upstream for coal and natural gas producers. A comprehensive assessment of the economic impact of future emissions standards needs to account for these broader energy market dynamics. The Center for Strategic and International Studies (CSIS) and Rhodium Group (RHG) partnered to undertake such an assessment, mapping impacts by region of the country and sector of the economy.
On November 18th, the CSIS Energy and National Security Program presented the findings from the resultant report, Remaking American Power: Potential Energy Market Impacts of EPA’s Proposed GHG Emission Performance Standards for Existing Electric Power Plants. The report seeks to inform federal and state policymakers, energy producers, investors and consumers about the potential energy market impacts of state and federal policy decisions associated with the Clean Power Plan as proposed.