President Obama will unveil new regulations Monday aimed at cutting down on carbon emissions and curbing greenhouse gases. The Environmental Protection Agency’s plan is being billed as the biggest step yet in cutting America’s reliance on coal and natural gas and replacing them with lower-carbon resources.
“It’s time for America, and the world, to act on climate change,” Obama said in a video message released by the White House.
The plan aims to reduce carbon emissions from power plants by 32 percent by 2030. As an incentive for states, the EPA will give states credit for solar or wind projects that break new ground before 2022. Read more at Bloomberg.