The Biden administration put forth new restrictions on greenhouse gas emissions from coal- and gas-fired power plants, marking its most significant attempt to curb climate-altering pollution from the country's second-largest source of climate change.

The proposed rule could significantly reduce emissions and deliver substantial health benefits, especially for frontline communities that have historically borne the brunt of pollution. While these measures are expected to face opposition, it's worth noting that this proposal builds on existing industry practices moving towards clean energy and provides flexibility for plant operators to meet new standards.

The IEA’s “CO2 Emissions in 2022” report underscores the scale of the challenge we face. Despite a long-term trend of declining emissions, the U.S. saw a 0.8% growth in emissions in 2022, while wmissions from natural gas increased 89 Mt. Meanwhile, global energy -related GHG emissions hit an all-time high. This data serves as a stark reminder of the urgent need for comprehensive climate policies that address all types of greenhouse gases. It also highlights the need for a broader, consistent, and sustained effort to transition to a low-carbon economy.