Not exact matches
Among Freeman's specific recommendations are a «20 percent federal tax credit to electricity and natural gas utilities that gives highest priority to the efficient use of the energy they supply,» and ban on new coal or nuclear
plants and
retirement of the existing
plants within the next 30 years, government - funded demonstration
plants for Big Solar and hydrogen,
increasing federal fuel economy standards one mile - per - gallon a year over the next 24 years, tax credits for plug - in hybrids or flex - fuel vehicles, and an excess - profits tax on oil to fund the tax credits.
The EPA regulations call for
increasing the use of state - of - the - art, natural gas - fired power
plants in place of coal
plants;
increasing renewable energy sources; avoiding
retirement of existing nuclear
plants; and supporting energy efficiency.
Residential customers experiencing the highest
increases, and / or potential
increases, are those who are heavily dependent on coal - fueled generation, as required retrofits can not economically meet existing environmental requirements — resulting in the proposed
retirement of older coal - fueled
plants.
According to the authors» analysis, the
retirement of the four
plants will lead to an
increase of over 21 million tonnes of CO2 emissions annually.
A longer - term scenario in the study analyses the implications of limiting global averages temperature
increases to 2 ˚C, confirming the need for China to start planning the early
retirement of coal
plants not retrofitted with Carbon Capture and Storage (CCS).