The basic rationale is that this would reduce US power plant emissions more quickly and more certainly than President Barack Obama's Clean Power Plan, which is currently on hold and bogged down in litigation and is dependent on state cooperation. What's more, a buyout would help the workers who'd be affected by the dislocation.One thing that the article doesn't go into is that these coal plants need to be replaced with something that does not pollute as much. So if the government would go in and give generous incentives to convert all coal power plants to natural gas (and train the workers for the transition) Obama would have an actual positive legacy item.
Friday, June 17, 2016
Buy out the Coal Industry? Very Intriguing
This is an interesting idea but he is right Congress would kill it dead.