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Alternative Approaches for Regulating Greenhouse Gas Emissions from Existing Power Plants under the Clean Air Act

During the fall of 2013, the Environmental Protection Agency (EPA) began stakeholder engagement and regulatory processes to develop a proposed rule to regulate greenhouse gas emissions (GHG) from existing fossil fuel-fired power plants under Section 111(d) of the Clean Air Act (CAA).

To date, stakeholders have offered several policy proposals and other design concepts for discussion. This report presents a taxonomy of alternative policy designs, discusses their benefits, weaknesses and tradeoffs and provides an economic analysis for the most promising alternatives.

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