Biden's EPA to Implement Strict Carbon Limits for Power Plants in Major Environmental Crackdown.

The US Environmental Protection Agency is expected to unveil new standards for new and existing power plants, which account for a quarter of US greenhouse gas emissions, as part of President Biden's plan to decarbonize the power sector by 2035. The standards will likely require natural gas-fired power plants to install technology to capture carbon emissions, potentially leveling the playing field between gas and renewable energy. The rules will be based on a plant's potential to reduce emissions through carbon capture and storage (CCS) technology, and states will develop plans for bringing their plants into compliance.