Will the Obama administration's controversial greenhouse gas regulations wreak havoc on the nation's economy or help usher in a new era of clean-energy technologies?
The Environmental Protection Agency will roll out Clean Air Act regulations this week that will gradually require major polluters like power plants, oil refineries, and factories to obtain permits for the greenhouse gases they emit. On January 2, new and upgraded industrial facilities must begin installing technology aimed at reducing the amount of greenhouse gas emissions. And later this year, the agency will propose carbon pollution standards for all coal- and oil-fired power plants and oil refineries.
What type of immediate impact will these regulations have, if any, on industry? What type of developments will be important to watch for throughout 2011? What impact will the various legal challenges to the regulations have on the rollout? Will the administration's controversial tailoring rule, which EPA created to limit the number of stationary sources regulated, stand up to legal challenges?