Environmental Protection Agency (EPA) Administrator Scott Pruitt announced he would sign a proposed rule to repeal the centerpiece of former President Barack Obamas plan to fight global warming.
Pruitt announced his intention to withdraw the Clean Power Plan (CPP) to applause from a crowd gathered at a mining event on Monday. EPA has been working to repeal the CPP for months.
The Obama administration finalized the CPP in 2015, which aims to cut carbon dioxide emissions from power plants 32 percent below 2005 levels by 2030. Obama used the CPP as part of his plant to meet the goals of the Paris climate accord.
The CPP, however, never went into full effect. The U.S. Supreme Court issued an unprecedented stay against the rule in early 2016.
Draft EPA plans to repeal and possibly replace the CPP have already leaked to the media. EPA says repealing the rule will save Americans $33 billion in compliance costs.
The Obama administration claimed the CPP would only cost $8.4 billion and deliver public health and climate benefits ranging from $14 to $34 billion by 2030.
EPA wont propose a replacement to the CPP in its proposal, according to draft plans. The agency may issue a separate rule, asking for comments on what could replace the CPP.
The EPA has not determined whether it will promulgate a rule under section 111(d) to regulate greenhouse gas (GHG) emissions from existing EGUs, and, if it will do so, when it will do so and what form that rule will take, reads the draft.