Publication Detail

An Economic Perspective on the EPA's Clean Power Plan



Suggested Citation:
Fowlie, Meredith, Lawrence Goulder, Matthew Kotchen, Severin Borenstein, James Bushnell, Lucas Davis, Michael Greenstone, Charles Kolstad, Christopher R. Knittel, Robert Stavins, Michael Wara, Catherine Wolfram, Frank A. Wolak (2014) An Economic Perspective on the EPA's Clean Power Plan. Science 346 (6211), 815 - 816

In June 2014, the Obama Administration unveiled its proposal for a Clean Power Plan, which it estimates would reduce carbon dioxide (CO2) emissions from existing U.S. power plants 30% below 2005 levels by 2030 (see the chart). Power plant emissions have declined substantially since 2005, so the plan is seeking reductions of about 18% from current levels. Electricity generation accounts for about 40% of U.S. CO2 emissions.