WASHINGTON, D.C. – August 4, 2015 – (RealEstateRama) — The final Clean Power Plan rule released today by the Environmental Protection Agency (EPA) clears a path for multistate collaboration on emissions reduction, says Bipartisan Policy Center (BPC) senior advisor Jennifer Macedonia, adding:
“Over the last 18 months, the Bipartisan Policy Center has worked to analyze the proposal and to help states understand the implications of different compliance options. BPC economic analysis indicates that multistate approaches with market-based flexibility provide the most cost-effective means to comply with the Clean Power Plan, as well as align with power markets and support electric reliability.
“While many states continue to express strong reservations about the rule, there is clear desire for states to have maximum flexibility to design plans that are attuned to local and regional interests, state objectives, and current trends in the power sector.
“With this final rule, EPA has created space for states to allow affected companies to work across state lines to access the lowest cost emission reductions, whether within their fleet or elsewhere in the system. States have asked EPA to provide a less cumbersome pathway to multistate cooperation and early indications are that EPA has illuminated such a path.”