Obama’s final emissions rule sets up a fight with states, GOP

The Environmental Protection Agency late Monday announced U.S. power plants would have to cut their carbon emissions by 32 percent from 2005 levels over the next 15 years.

According to Fortune, the move is President Barack Obama’s final rule on cutting emissions and an initiative toward cementing a global deal on stalling climate change at a Paris summit scheduled for December.

The draft rule has earned the ire of Republicans representing coal-mining districts. Senate Majority Leader Mitch McConnell, R-Ky., claims the plan would lead to higher electricity prices for consumers if power companies switch to more expensive fuel sources. A study by the Energy Information Administration found bills would rise by an average of 3 percent.

Supporters of the plan argue any regulation must target the U.S. power sector, responsible for 31 percent of greenhouse gas emissions. EPA Administrator Gina McCarthy estimated a total of $45 billion in climate and health benefits by the plan’s end in 2030.

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