Climate Change Legislation is Dead
As I previously predicted, climate change legislation is dead in 2010. Senate Majority Leader Harry Reid announced that there will be no bill this session that would cap emissions of greenhouse gases from any sector, much less the utility sector, which was thought to be the most plausible avenue available to legislators to initially reduce carbon emissions. Instead, a bill will be brought forward that focuses on efficiency measures and the BP oil spill, while Congress defaults to the new EPA rules coming into effect in January. Those rules will require that best available technology be installed on new or modified power plants.