BNEF Comment: Clean Power Plan Repeal
Following the EPA's announcement to roll back the Clean Power Plan, Bloomberg New Energy Finance (BNEF) Policy Editor Steph Munro comments:
"Withdrawing the Clean Power Plan won't clear the deck for new coal generation. The economics of natural gas and renewables are more favorable, now and in our future scenarios.
If Administrator Pruitt intends to bring back coal, it will require some form of quota or mandate system. We don't see traction for coal mandates in Congress or the regulatory bureaucracy.
We reiterate our position that the retirement of aging coal plants, combined with the economics of natural gas and renewables, will continue to drive reductions of greenhouse gas emissions in the power sector.
The other major source of CO2 are emissions from vehicle tailpipes, which are the subject of a separate review by the Trump administration."