Trump’s Next Step on Climate Change
— March 28, 2017
By Paul H. Tice
On Tuesday, in a series of orders, Mr. Trump instructed the Environmental Protection Agency to rework its Clean Power Plan, which would restrict carbon emissions from existing power plants, mainly coal-fired ones. Last year the U.S. Supreme Court stayed enforcement of the CPP pending judicial review.
Mr. Trump also directed the Interior Department to lift its current moratorium on federal coal leasing and loosen restrictions on oil and gas development (including methane flaring) on federal lands. And he instructed all government agencies to stop factoring climate change into the environmental-review process for federal projects. The federal government will recalculate the “social cost of carbon.”
Read the full article as published in The Wall Street Journal.
Paul Tice is an Executive in Residence at NYU Stern.