Biden administration takes bold steps to curb power plant emissions and tackle climate change.

The Biden administration has proposed a plan to limit carbon dioxide emissions from power plants, which are responsible for over a quarter of US emissions, by requiring the installation of carbon capture equipment or the use of low-emissions hydrogen as fuel. The proposal is expected to cut carbon emissions from coal plants and new gas plants by 617 million tonnes between 2028 and 2042. The plan is subject to the regulatory rule-making process and a public comment period before being finalized. The EPA anticipates the proposal will cost the power industry over $10 billion, while yielding health and climate benefits of around $85 billion.