- The Obama administration is planning to introduce next week a new climate-change initiative that would allow states to use cap-and-trade systems, renewable energy and other measures to reduce carbon emissions by existing power plants.
- The proposal, which would affect hundreds of power plants nationwide, is designed to allow states some flexibility in meeting benchmarks instead of placing emissions limits on individual plants.
- The EPA is scheduled to complete the rule by June 2015 with states submitting their plans the following yea. but likely lawsuits and political opposition could easily upend that timeline.
- ETFs: XLE, XLU, TAN, ERX, KOL, IDU, VDE, OIH, ERY, VPU, DIG, DUG, IYE, PXJ, RYE, FENY, UPW, FUTY, RYU, FXN, PUI, FXU, DDG, SDP, PSCU
EPA to unveil new climate plan to allow states to use cap and trade systems
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