NEW YORK, N.Y. – Companies that generate electric power with anything other than coal, or that produce power-saving technology, are likely to benefit from the Obama Administration’s new proposed limits on carbon dioxide emissions from power plants.
Natural gas producers, nuclear generators, wind farm operators, solar panel makers and efficiency technology companies may all come out winners in the Obama Administration’s plan, announced Monday, to cut carbon dioxide emissions by 30 per cent by 2030.
Coal stands to be a big loser. Last year 78 per cent of carbon dioxide emissions from the electric power sector came from coal.
Electric customers will likely pay higher prices for power, though efficiency measures could reduce the impact of higher prices.