On its face, the EPA's proposal to balance the costs and benefits of
air pollution regulations makes a lot of sense.
Not exact matches
Where electric vehicles tend to succeed is in markets where trucks only have to drive short distances, and in areas where stringent
air quality or
pollution regulations make electric either favorable or a necessity.
(In the U.S.,
air pollution regulations would
make it necessary to ship it to a refinery for final processing or blend it with a less aromatic gasoline.)
Developed countries have
made this step with
air and water
pollution by enacting outright
regulations and installing a cap and trade system.
54 % of coal is cashflow negative today increasing to 97 % by 2030 —
making units reliant on lobbying to secure capacity market payments (which the European Commission wants to prohibit by 2025) and avoid
air pollution regulations.
However, we find that falling renewable energy costs,
air pollution regulations and rising carbon prices will continue to undermine the economics of coal power in the EU, potentially
making generation assets unusable by 2030.