EPA Relinquishes Power Plant CO2 Authority, Adding 123M Tons

The EPA announced it will no longer regulate greenhouse gas emissions from power plants under the Clean Air Act, reversing Biden-era standards and removing federal limits on coal and gas plant emissions. This policy shift is projected to add 123 million more tons of CO2 annually, undermining U.S. climate commitments. The move signals a significant federal retreat from climate regulation, with implications for energy markets and international climate diplomacy.