PUBLISHER: Wood Mackenzie - Power & Renewables | PRODUCT CODE: 1275657
PUBLISHER: Wood Mackenzie - Power & Renewables | PRODUCT CODE: 1275657
Will US EPA's Proposed Carbon Emissions Rule Succeed Where the Clean Power Plan Failed?
Report Summary:
On 8 May 2023, the US EPA proposed new carbon emission standards for coal and natural gas power plants. The new standards are based on generating units installing carbon capture technology (CCUS) or using hydrogen fuel to reduce their emissions-inside the fenceline measures to reduce emissions at the source. While the EPA proposed guidelines could accelerate emission reductions and spur demand for new technologies, the energy transition to cleaner, low- or zero-emission generation is already well underway. Time will tell whether the EPA can overcome legal challenges this time around in order to implement lasting carbon emission standards for the power sector.
Table of Contents
- Key provisions
- Be careful what you wish for
- Coal and carbon emissions collapsing with or without guidelines
- Market type matters
- Capacity factors central to CCUS feasibility
- The tip of the iceberg for policy pushing low-GHG hydrogen demand
- Third time's a charm?
Tables and charts
This report includes 2 images and tables including:
- Power sector carbon emissions by fuel type
- Hydrogen life cycle emissions
