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Obama’s climate plan takes aim at coal plants

June 26, 2013 • Business


FILE – In this Jan. 19, 2012, file photo time exposure image smoke rises from the stacks of the La Cygne Generating Station coal-fired power plant in La Cygne, Kan. President Barack Obama says he’ll unveil a national plan to combat climate change in a speech Tuesday, June 25, 2013. Obama says in an online video that he’ll lay out his vision for reducing carbon pollution, preparing the U.S. for the effects of climate change and leading other nations in the global effort. (AP Photo/Charlie Riedel, File)

NEW YORK (AP) — America is slowly moving toward cleaner sources of energy and using less of it overall. President Barack Obama’s plan to fight climate change will accelerate those trends.

The plan aims to reduce power-plant emissions of carbon dioxide, increase America’s reliance on natural gas and renewables and make trucks, homes and businesses more efficient.

Some parts of the plan will take months to work out and years to go into full effect. The most ambitious part of the plan seeks to rein in one of the biggest sources of carbon dioxide emissions: coal-fired power plants. Obama will direct the Environmental Protection Agency to create the first-ever federal limits on these emissions, which trap heat in the earth’s atmosphere.

Obama also seeks to increase funding for clean energy research by 30 percent to $7.9 billion and make $8 billion in federal loan guarantees available to projects that could help capture and bury the carbon dioxide produced at power plants.

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