The EPA Takes Its Thumb Off the Power Switch
Power-plant rules do more than regulate pollution. They can also regulate competitors out of the market. That is the overlooked significance of the Environmental Protection Agency’s (EPA) recent repeal of most Biden administration greenhouse-gas standards for power plants. The move is an environmental-policy reversal and also a competition-policy reform.
The final rule is only a partial repeal. It eliminates standards for existing fossil-fuel-fired steam units, along with several carbon-capture requirements for coal plants and new baseload combustion turbines. A separate supplemental…
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