The Obama administration is expected to announce on Friday that it will move toward setting limits on green house gas emissions for new and existing power plants in the U.S., the New York Times reports. The limits for new natural gas plants will be at 1,000 pounds of carbon dioxide emissions per megawatt hour and new coal plants will have to hit 1,100 pounds of carbon dioxide.
An average new coal plant can emit around 1,800 pounds of carbon dioxide per hour. Which means that new coal plants in the U.S. will either need to use advanced technology for capturing or storing carbon emissions — representing a major boon for those companies selling this next-gen tech — or there will be considerably less coal plants built in the U.S. going forward. The move will be highly controversial in states with large coal industries.
Emissions limits for existing power plants…
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