Breaking from The New York Times:
WASHINGTON — The Environmental Protection Agency will unveil a draft proposal on Monday to cut carbon pollution from the nation’s power plants 30 percent from 2005 levels by 2030, according to people briefed on the plan.
The proposed rule amounts to the strongest action ever taken by the United States government to fight climate change.
http://www.nytimes.com/...
Woohoo! I think Krugman wrote today about how good carbon emission reduction will be for the economy. Will get the link...brb
Here it is, actually Paul Krugman in Thursday's NYT: Cutting Back on Carbon
The closing paragraph:
Now, we haven’t yet seen the details of the new climate action proposal, and a full analysis — both economic and environmental — will have to wait. We can be reasonably sure, however, that the economic costs of the proposal will be small, because that’s what the research — even research paid for by anti-environmentalists, who clearly wanted to find the opposite — tells us. Saving the planet would be remarkably cheap.