US 'Good Neighbor' plan works to cut power plant emissions, says EPA
Nov 30 (Reuters) -Emissions from power plants have fallen sharply this year in the 10 U.S. states participating in the "Good Neighbor" plan, but the program has not yet gone ahead in 12 other states, the Environmental Protection Agency (EPA) said on Thursday.
The data showed a 15% decrease in nitrogen oxide (NOx) emissions and a 26% drop in sulfur dioxide (SO2) emissions in 2023 so far compared with 2022.
Emissions from power plants contribute to the formation of ground-level ozone, also known as smog which can cause respiratory and heart issues.
"This early data shows that the Good Neighbor Plan is a workable and effective rule," said Joseph Goffman, Principal Deputy Assistant Administrator of EPA’s Office of Air and Radiation.
The plan was finalized in March for 22 states, from New York to Texas and Nevada, to reduce pollution that significantly contributes to problems across state lines, however EPA said it was so far only being implemented in 10 states.
"The EPA is not currently implementing the Good Neighbor Plan for power plants in the remaining 12 states pursuant to temporary court orders," the agency said.
Utility companies and lawmakers in Republican-controlled states had pushed hard against curbs on coal pollution, including the EPA’s NOx-reduction regulations.
Reporting by Rahul Paswan in Bengaluru; Editing by Sonali Paul
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.