August 25th, 2014
Incentivizing Fracking: The EPA’s “Clean Power Plan”
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On June 2, 2014, the U.S. Environmental Protection Agency (EPA) released a new “Clean Power Plan.” The plan aims to cut the nation’s carbon emissions 30 percent below 2005 levels by 2030. The plan, with its reliance on cap-and-trade schemes and state market solutions, along with woefully unambitious carbon goals, is far from what is needed to actually make a difference on climate change. But just as important, the plan will lead directly and indirectly to a continued drive to increased dangerous hydraulic fracturing, or fracking, for natural gas.