EPA power plant rules are coming. Are utilities ready?
In the nearly eight years since EPA announced the nation’s first carbon emissions limits on power plants, the utility sector has undergone a rapid shift.
Retirements of coal plants are accelerating, replaced with a flood of wind and solar projects competing to get on the grid. Unlike in the Obama era, the largest U.S. power producers are generally striving to meet net-zero carbon goals.
But new EPA rules set to restrict emissions from power plants will test the limits of the sector’s transition, raising questions about whether businesses are ready to meet President Joe Biden’s most ambitious climate goals. Technologies that can capture and store carbon dioxide are not used at major U.S. power plants, for example, and the ability of utilities to decarbonize faster than currently planned is uncertain.
